Nucor earnings beat by $0.08, revenue fell short of estimates
Carl J. Rickertsen, a director at Magnera Corp (NYSE:MAGN), recently acquired a significant amount of the company’s stock. According to a filing with the Securities and Exchange Commission, Rickertsen purchased 20,000 shares of Magnera Corp’s common stock on February 27, 2025. The shares were bought at a weighted average price of $20.33 each, resulting in a total transaction value of approximately $406,532. The purchase comes as InvestingPro data shows the $733 million market cap company trading below its Fair Value, with analysts setting a $24 price target.
Following this transaction, Rickertsen’s holdings in the company increased to 21,306 shares. The acquisition reflects a noteworthy addition to his stake in the paper manufacturing company, which operates under the former name Glatfelter Corp. InvestingPro analysis reveals strong liquidity metrics with a current ratio of 2.45, while the stock has gained 11.61% year-to-date. Subscribers can access 7 additional ProTips and a comprehensive Pro Research Report for deeper insights into MAGN’s financial health.
In other recent news, Magnera Corp reported a 2% increase in revenue for Q1 2024, reaching $700 million, with adjusted EBITDA rising by 8% to $84 million. The company has successfully completed its merger with Glatfelter, aiming for $55 million in synergies. Analysts noted the company’s focus on debt reduction and sustainable innovations post-merger. The merger has positioned Magnera as a leading player in the nonwovens market, enhancing its competitive edge. The company’s liquidity stands at approximately $500 million, with plans to reduce net debt to pro forma adjusted EBITDA from 4x to 3x. Looking forward, Magnera projects a 7% year-over-year earnings growth for 2025 and anticipates post-merger adjusted free cash flow between $75 million and $95 million. The company’s capital investments are planned at $85 million, focusing on sustainable solutions and innovative material development. Analyst firms have highlighted Magnera’s strategic initiatives and growth prospects, reflecting positive market sentiment.
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