Irial Finan Buys 15,180 Shares of Smurfit Westrock Ltd (NYSE:SW) Stock

Smurfit Westrock Ltd (NYSE:SW) Director Irial Finan purchased 15,180 shares of the stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the acquisition, the director now owns 54,893 shares of the company’s stock, valued at $2,152,354.53. The trade was a 38.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $41.65 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. The firm has a market cap of $21.74 billion, a PE ratio of 75.72 and a beta of 1.00. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99. The firm has a fifty day moving average of $42.94 and a 200 day moving average of $49.52.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The business’s revenue for the quarter was up 161.3% on a year-over-year basis. As a group, research analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on SW shares. Truist Financial lowered their target price on Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley lowered their price objective on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company cut their target price on shares of Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada lowered their price target on shares of Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.60.

Hedge Funds Weigh In On Smurfit Westrock

A number of hedge funds have recently made changes to their positions in SW. Barclays PLC acquired a new stake in shares of Smurfit Westrock in the third quarter worth approximately $171,026,000. Wilmington Savings Fund Society FSB purchased a new position in Smurfit Westrock in the 3rd quarter valued at $134,000. Principal Financial Group Inc. purchased a new position in Smurfit Westrock in the 3rd quarter valued at $29,716,000. JPMorgan Chase & Co. acquired a new stake in Smurfit Westrock during the 3rd quarter worth $221,026,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

About Smurfit Westrock

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.