Research Analysts’ Weekly Ratings Updates for Turning Point Brands (TPB)

A number of research firms have changed their ratings and price targets for Turning Point Brands (NYSE: TPB):

• 3/11/2025 – Turning Point Brands was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/6/2025 – Turning Point Brands was given a new $85.00 price target on by analysts at Industrial Alliance Securities.
• 3/3/2025 – Turning Point Brands was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/3/2025 – Turning Point Brands is now covered by analysts at Alliance Global Partners. They set a “buy” rating and a $80.00 price target on the stock.
• 2/4/2025 – Turning Point Brands was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/27/2025 – Turning Point Brands was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Turning Point Brands Trading Up 0.9 %

Shares of NYSE TPB opened at $57.85 on Thursday. Turning Point Brands, Inc. has a 12 month low of $26.45 and a 12 month high of $72.54. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 22.96 and a beta of 0.74. The company has a quick ratio of 1.78, a current ratio of 4.21 and a debt-to-equity ratio of 1.33. The business has a fifty day simple moving average of $62.78 and a 200-day simple moving average of $55.07.

Turning Point Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.52%. This is an increase from Turning Point Brands’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, March 21st. Turning Point Brands’s dividend payout ratio is currently 14.15%.

Institutional Investors Weigh In On Turning Point Brands

Hedge funds have recently modified their holdings of the stock. Corsair Capital Management L.P. lifted its holdings in shares of Turning Point Brands by 49.0% during the third quarter. Corsair Capital Management L.P. now owns 30,412 shares of the company’s stock valued at $1,312,000 after purchasing an additional 10,000 shares during the last quarter. Entropy Technologies LP purchased a new stake in Turning Point Brands in the 4th quarter worth about $234,000. Pekin Hardy Strauss Inc. purchased a new stake in Turning Point Brands in the 3rd quarter worth about $1,260,000. 272 Capital LP purchased a new stake in Turning Point Brands in the 3rd quarter worth about $1,488,000. Finally, Legato Capital Management LLC purchased a new stake in Turning Point Brands in the 4th quarter worth about $278,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

Turning Point Brands, Inc, together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.