Neenah Paper, Inc. (NP) Given $75.00 Consensus Target Price by Analysts
Shares of Neenah Paper, Inc. (NYSE:NP) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Brokerages have set a 1 year consensus price objective of $75.00 for the company and are expecting that the company will post $0.98 earnings per share for the current quarter, according to Zacks. Zacks has also given Neenah Paper an industry rank of 113 out of 265 based on the ratings given to related companies.
A number of brokerages recently issued reports on NP. BidaskClub raised Neenah Paper from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 15th. Zacks Investment Research downgraded Neenah Paper from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th.
Neenah Paper (NYSE:NP) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.14. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The business had revenue of $248.70 million during the quarter, compared to the consensus estimate of $250.88 million. During the same period in the previous year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Friday, November 17th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, November 16th. Neenah Paper’s dividend payout ratio is currently 33.71%.
In other Neenah Paper news, SVP Steven S. Heinrichs sold 2,744 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $85.00, for a total value of $233,240.00. Following the completion of the sale, the senior vice president now owns 18,293 shares in the company, valued at $1,554,905. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Matthew L. Duncan sold 311 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $82.00, for a total value of $25,502.00. Following the completion of the sale, the senior vice president now owns 1,963 shares of the company’s stock, valued at approximately $160,966. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,162 shares of company stock valued at $499,615. 2.00% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its stake in shares of Neenah Paper by 83.1% during the second quarter. Riverhead Capital Management LLC now owns 1,465 shares of the basic materials company’s stock worth $117,000 after purchasing an additional 665 shares during the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of Neenah Paper during the second quarter worth approximately $127,000. Pinebridge Investments L.P. raised its stake in shares of Neenah Paper by 0.8% during the second quarter. Pinebridge Investments L.P. now owns 2,211 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 18 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Neenah Paper during the second quarter worth approximately $201,000. Finally, Beck Mack & Oliver LLC purchased a new stake in shares of Neenah Paper during the second quarter worth approximately $213,000. Institutional investors and hedge funds own 89.30% of the company’s stock.
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About Neenah Paper
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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