Key Points
- Packaging Corporation of America President Thomas Hassfurther sold 7,063 shares at an average price of $254, generating $1.79 million in proceeds and reducing his ownership by 3.36% to 202,891 shares.
- PKG reported quarterly EPS of $2.35, beating estimates of $2.31, while revenue rose 14.7% year over year to $2.49 billion. The stock opened at $257.38, near its 52-week high of $258.81.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $261.57; institutional investors own approximately 89.78% of the company.
Packaging Corporation of America (NYSE:PKG - Get Free Report) President Thomas Hassfurther sold 7,063 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the completion of the sale, the president owned 202,891 shares of the company's stock, valued at $51,534,314. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Packaging Corporation of America Price Performance
NYSE PKG opened at $257.38 on Wednesday. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $258.81. The stock's 50-day moving average is $236.23 and its two-hundred day moving average is $225.76. The firm has a market cap of $22.93 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88.
Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm posted $2.48 EPS. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, analysts anticipate that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in PKG. DV Equities LLC acquired a new position in shares of Packaging Corporation of America during the fourth quarter valued at about $26,000. Covestor Ltd grew its position in Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company's stock worth $32,000 after buying an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 80 shares during the period. Navalign LLC bought a new position in Packaging Corporation of America during the fourth quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Packaging Corporation of America by 40.4% in the 1st 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 period. Institutional investors own 89.78% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on PKG shares. Weiss Ratings downgraded shares of Packaging Corporation of America from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, May 26th. UBS Group dropped their target price on shares of Packaging Corporation of America from $272.00 to $271.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Wells Fargo & Company reissued an "equal weight" rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an "overweight" rating in a report on Friday, July 24th. Finally, Citigroup raised their price target on Packaging Corporation of America from $241.00 to $254.00 and gave the company a "neutral" rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Packaging Corporation of America currently has an average rating of "Moderate Buy" and an average target price of $261.57.
Read Our Latest Research Report on Packaging Corporation of America
Packaging Corporation of America Company Profile
(
Get Free Report)
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.
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