Blackhawk Capital Partners LLC. Buys Shares of 5,353 Smurfit Westrock Ltd (NYSE:SW)

Blackhawk Capital Partners LLC. purchased a new position in Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,353 shares of the company’s stock, valued at approximately $265,000.

A number of other hedge funds also recently made changes to their positions in SW. Mather Group LLC. purchased a new position in shares of Smurfit Westrock during the third quarter worth approximately $25,000. CVA Family Office LLC purchased a new position in Smurfit Westrock in the 3rd quarter worth $26,000. ORG Wealth Partners LLC bought a new stake in Smurfit Westrock in the third quarter worth $32,000. Waldron Private Wealth LLC purchased a new stake in Smurfit Westrock during the third quarter valued at about $35,000. Finally, Cromwell Holdings LLC purchased a new position in shares of Smurfit Westrock in the third quarter worth about $42,000. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Trading Up 4.8 %

SW opened at $55.72 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The company has a market capitalization of $28.98 billion, a P/E ratio of 309.57 and a beta of 1.04. The business has a fifty day moving average price of $48.25. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $55.80.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be given a dividend of $0.3025 per share. The ex-dividend date is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.17%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 672.26%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a $52.00 price target on shares of Smurfit Westrock in a research report on Monday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. Morgan Stanley increased their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Redburn Atlantic began coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

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.