Hodges Capital Management Inc. grew its stake in Champion International Paper (NYSE:IP) by 49.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,875 shares of the basic materials company’s stock after acquiring an additional 59,824 shares during the quarter. Hodges Capital Management Inc.’s holdings in Champion International Paper were worth $9,718,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Calton & Associates Inc. acquired a new stake in shares of Champion International Paper during the 4th quarter worth about $106,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Champion International Paper during the 4th quarter worth about $112,000. Wagner Wealth Management LLC acquired a new stake in shares of Champion International Paper during the 4th quarter worth about $112,000. Cerebellum GP LLC acquired a new stake in shares of Champion International Paper during the 4th quarter worth about $121,000. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Champion International Paper during the 4th quarter worth about $134,000. 82.02% of the stock is owned by institutional investors and hedge funds.
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Shares of Champion International Paper stock opened at $52.19 on Monday. Champion International Paper has a 12 month low of $50.00 and a 12 month high of $66.94. The stock has a market cap of $21,551.37, a P/E ratio of 14.95, a PEG ratio of 1.11 and a beta of 1.52. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.63 and a quick ratio of 1.17.
Champion International Paper (NYSE:IP) last announced its earnings results on Thursday, April 26th. The basic materials company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. Champion International Paper had a return on equity of 28.21% and a net margin of 11.57%. The company had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the business posted $0.60 EPS. Champion International Paper’s revenue for the quarter was up 9.5% on a year-over-year basis. equities analysts expect that Champion International Paper will post 4.93 EPS for the current fiscal year.
IP has been the subject of a number of recent analyst reports. Wells Fargo reissued an “outperform” rating and set a $70.00 price objective (up from $65.00) on shares of Champion International Paper in a research report on Monday, January 8th. Stephens set a $66.00 price objective on Champion International Paper and gave the stock a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets reissued a “buy” rating and set a $70.00 price objective on shares of Champion International Paper in a research report on Thursday, January 25th. Bank of America raised their price objective on Champion International Paper from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, ValuEngine raised Champion International Paper from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $62.85.
Champion International Paper Profile
International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.