Havemeyer Place LP Invests $509,000 in Packaging Corporation of America $PKG

Havemeyer Place LP purchased a new position in Packaging Corporation of America (NYSE:PKG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,466 shares of the industrial products company’s stock, valued at approximately $509,000.

A number of other hedge funds have also modified their holdings of the stock. Benchmark Financial Wealth Advisors LLC increased its stake in shares of Packaging Corporation of America by 2.1% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 48 shares during the last quarter. River Street Advisors LLC increased its stake in shares of Packaging Corporation of America by 1.0% in the fourth quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock worth $1,106,000 after acquiring an additional 51 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Packaging Corporation of America by 2.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after acquiring an additional 54 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of Packaging Corporation of America by 40.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 57 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 57 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup lowered their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. increased their target price on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their target price for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average price target of $236.57.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Trading Up 3.6%

Shares of NYSE:PKG opened at $227.42 on Wednesday. The company has a market cap of $20.26 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.98 and a beta of 0.81. The stock’s 50-day moving average is $214.99 and its 200-day moving average is $216.01. Packaging Corporation of America has a 52-week low of $184.76 and a 52-week high of $249.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.23. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities research analysts predict that Packaging Corporation of America will post 10.8 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a $1.50 dividend. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 60.83%.

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.