Fruth Investment Management Acquires Shares of 44,192 Smurfit Westrock Ltd (NYSE:SW)

Fruth Investment Management acquired a new stake in Smurfit Westrock Ltd (NYSE:SW) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 44,192 shares of the company’s stock, valued at approximately $2,183,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SW. AMF Tjanstepension AB bought a new stake in Smurfit Westrock in the 3rd quarter valued at about $8,519,000. Czech National Bank bought a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $4,967,000. SG Americas Securities LLC purchased a new stake in shares of Smurfit Westrock during the 3rd quarter valued at approximately $843,000. Park Avenue Securities LLC bought a new position in Smurfit Westrock in the 3rd quarter worth approximately $561,000. Finally, GAMMA Investing LLC purchased a new position in Smurfit Westrock in the 3rd quarter valued at approximately $249,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Down 0.7 %

NYSE:SW opened at $45.29 on Tuesday. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 38.06 and a beta of 1.05. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $50.60. The company’s fifty day simple moving average is $45.24.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.06). Smurfit Westrock had a return on equity of 7.13% and a net margin of 1.36%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $7.91 billion. On average, equities analysts predict that Smurfit Westrock Ltd will post 2.58 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 18th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.3025 per share. This represents a yield of 2.5%. The ex-dividend date was Thursday, August 15th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 101.68%.

Analyst Upgrades and Downgrades

SW has been the topic of several recent research reports. Redburn Atlantic started coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $52.00 target price on shares of Smurfit Westrock in a research note on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price target on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group reissued a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Monday, July 29th. Finally, Wells Fargo & Company decreased their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and an average target price of $56.50.

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.