SWS Partners Acquires Shares of 64,725 Smurfit Westrock Ltd (NYSE:SW)

SWS Partners acquired a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 64,725 shares of the company’s stock, valued at approximately $3,199,000. Smurfit Westrock comprises 1.0% of SWS Partners’ portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter worth approximately $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $26,000. ORG Wealth Partners LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $32,000. Armstrong Advisory Group Inc. acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $45,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $83,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

NYSE:SW traded down $0.74 during midday trading on Tuesday, hitting $44.55. 3,421,724 shares of the stock were exchanged, compared to its average volume of 5,624,311. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $50.60. The company has a market cap of $11.45 billion, a P/E ratio of 38.06 and a beta of 1.05. The company’s 50-day moving average price is $45.24.

Smurfit Westrock (NYSE:SW) last posted 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). The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $7.91 billion. Smurfit Westrock had a return on equity of 7.13% and a net margin of 1.36%. As a group, analysts forecast that Smurfit Westrock Ltd will post 2.58 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 18th. Investors of record on Thursday, August 15th were paid a $0.3025 dividend. This represents a dividend yield of 2.5%. The ex-dividend date was Thursday, August 15th. Smurfit Westrock’s payout ratio is presently 101.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SW. Royal Bank of Canada reissued a “sector perform” rating and set a $52.00 price target on shares of Smurfit Westrock in a research note on Wednesday, July 31st. Morgan Stanley began coverage on Smurfit Westrock in a research note on Friday, July 19th. They set an “overweight” rating and a $60.00 price target on the stock. Wells Fargo & Company reduced their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Jefferies Financial Group reissued a “hold” rating and set a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, July 29th. Finally, Redburn Atlantic began coverage on Smurfit Westrock in a research report on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.50.

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.