Paragon Capital Management Inc. Takes $1.22 Million Position in Smurfit Westrock PLC $SW

Paragon Capital Management Inc. acquired a new stake in Smurfit Westrock PLC (NYSE:SW) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,704 shares of the company’s stock, valued at approximately $1,224,000.

A number of other large investors have also added to or reduced their stakes in SW. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Smurfit Westrock in the 4th quarter valued at approximately $28,000. DV Equities LLC bought a new position in shares of Smurfit Westrock during the fourth quarter valued at $28,000. CYBER HORNET ETFs LLC acquired a new position in shares of Smurfit Westrock during the second quarter worth $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Smurfit Westrock during the fourth quarter worth $31,000. Finally, McMillan Office Inc. acquired a new position in shares of Smurfit Westrock during the fourth quarter worth $35,000. Institutional investors own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Barclays decreased their price objective on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Truist Financial set a $50.00 target price on Smurfit Westrock in a report on Friday, May 1st. Morgan Stanley reiterated an “overweight” rating and issued a $57.00 price target on shares of Smurfit Westrock in a research report on Wednesday, May 6th. UBS Group decreased their price target on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, Wall Street Zen downgraded Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Smurfit Westrock Trading Up 2.8%

SW opened at $45.44 on Tuesday. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average of $40.92 and a 200-day moving average of $41.43. The stock has a market cap of $23.83 billion, a PE ratio of 63.11 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last released its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. Smurfit Westrock’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS. On average, sell-side analysts predict that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $0.4523 per share. The ex-dividend date was Friday, May 15th. This represents a $1.81 annualized dividend and a dividend yield of 4.0%. Smurfit Westrock’s dividend payout ratio is presently 251.39%.

Smurfit Westrock Company Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.