Cwm LLC Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Cwm LLC purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,597 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Smurfit Westrock during the 3rd quarter worth about $25,000. GAMMA Investing LLC purchased a new position in Smurfit Westrock in the third quarter valued at approximately $249,000. Atomi Financial Group Inc. purchased a new position in Smurfit Westrock in the third quarter valued at approximately $251,000. Marion Wealth Management purchased a new position in Smurfit Westrock in the third quarter valued at approximately $460,000. Finally, Park Avenue Securities LLC purchased a new position in Smurfit Westrock in the third quarter valued at approximately $561,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Smurfit Westrock in a report on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Wednesday, July 31st. Wells Fargo & Company dropped their price objective on shares of 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. Finally, Redburn Atlantic started coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.50.

Smurfit Westrock Trading Up 0.8 %

NYSE:SW opened at $44.54 on Wednesday. The firm has a 50-day moving average price of $45.83. The stock has a market cap of $11.45 billion, a PE ratio of 37.43 and a beta of 1.05. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $50.60.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. On average, analysts predict that Smurfit Westrock Ltd will post 2.6 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

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

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.