Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther Sells 7,063 Shares of Stock

Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther sold 7,063 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,794,002.00. Following the sale, the president owned 202,891 shares in the company, valued at approximately $51,534,314. The trade was a 3.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Packaging Corporation of America Price Performance

PKG stock opened at $257.38 on Wednesday. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a one year low of $191.50 and a one year high of $258.81. The firm has a market capitalization of $22.93 billion, a PE ratio of 33.43, a P/E/G ratio of 2.41 and a beta of 0.80. The firm has a 50-day moving average of $236.23 and a two-hundred day moving average of $225.76.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the firm posted $2.48 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Weiss Ratings cut shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Citigroup increased their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. UBS Group lowered their price target on Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.57.

Hedge Funds Weigh In On Packaging Corporation of America

A number of hedge funds have recently modified their holdings of the stock. DV Equities LLC purchased a new position in Packaging Corporation of America in the fourth quarter valued at about $26,000. Covestor Ltd increased its position in Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 80 shares in the last quarter. Navalign LLC purchased a new stake in shares of Packaging Corporation of America during the 4th quarter worth about $36,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.