Neenah Paper, Inc. (NP) SVP Sells $233,240.00 in Stock
Neenah Paper, Inc. (NYSE:NP) SVP Steven S. Heinrichs sold 2,744 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $85.00, for a total transaction of $233,240.00. Following the completion of the transaction, the senior vice president now directly owns 18,293 shares of the company’s stock, valued at approximately $1,554,905. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Neenah Paper, Inc. (NYSE NP) traded down 0.64% on Friday, hitting $85.75. 14,096 shares of the company were exchanged. Neenah Paper, Inc. has a 52-week low of $72.35 and a 52-week high of $90.23. The stock has a market capitalization of $1.44 billion, a PE ratio of 19.53 and a beta of 1.30. The firm’s 50-day moving average is $78.10 and its 200-day moving average is $77.63.
Neenah Paper (NYSE:NP) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. The company had revenue of $248.70 million for the quarter, compared to analyst estimates of $250.88 million. Neenah Paper had a net margin of 7.99% and a return on equity of 21.03%. Neenah Paper’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. Equities research analysts predict that Neenah Paper, Inc. will post $4.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.48 annualized dividend and a yield of 1.71%. Neenah Paper’s payout ratio is 33.71%.
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A number of brokerages recently commented on NP. BidaskClub downgraded shares of Neenah Paper from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Neenah Paper from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th.
A number of large investors have recently bought and sold shares of NP. BlackRock Inc. boosted its holdings in Neenah Paper by 128,954.2% in the 1st quarter. BlackRock Inc. now owns 2,011,955 shares of the basic materials company’s stock valued at $150,292,000 after purchasing an additional 2,010,396 shares during the last quarter. Wellington Management Group LLP acquired a new position in Neenah Paper in the 1st quarter valued at about $38,985,000. Aberdeen Asset Management PLC UK acquired a new position in Neenah Paper in the 2nd quarter valued at about $36,785,000. Copper Rock Capital Partners LLC acquired a new position in Neenah Paper in the 2nd quarter valued at about $33,097,000. Finally, Granite Investment Partners LLC acquired a new position in Neenah Paper in the 2nd quarter valued at about $12,200,000. Institutional investors own 89.33% of the company’s stock.
Neenah Paper Company Profile
Neenah Paper, Inc is a producer of technical products and premium fine papers and packaging. The Company has two primary businesses: technical products business, and fine paper and packaging business. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of transportation, water and other filter media and durable, saturated and coated substrates.
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