Shares of Neenah Paper, Inc. (NYSE:NP) have been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Analysts have set a one year consensus target price of $80.50 for the company and are forecasting that the company will post $0.92 EPS for the current quarter, according to Zacks. Zacks has also assigned Neenah Paper an industry rank of 182 out of 265 based on the ratings given to its competitors.

NP has been the subject of several research analyst reports. DA Davidson reissued a “neutral” rating on shares of Neenah Paper in a research note on Thursday, November 9th. BidaskClub raised Neenah Paper from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 15th.

In other Neenah Paper news, SVP Matthew L. Duncan sold 311 shares of Neenah Paper stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $82.00, for a total transaction 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 $160,966. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Byron Jason Racki sold 1,107 shares of Neenah Paper stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $88.13, for a total value of $97,559.91. Following the sale, the insider now directly owns 2,595 shares of the company’s stock, valued at approximately $228,697.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,341 shares of company stock valued at $909,160. Corporate insiders own 2.00% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Riverhead Capital Management LLC lifted its stake in 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 bought a new stake in Neenah Paper during the second quarter worth about $127,000. Pinebridge Investments L.P. lifted its stake in shares of Neenah Paper by 0.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,211 shares of the basic materials company’s stock valued at $178,000 after acquiring an additional 18 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Neenah Paper in the 2nd quarter valued at about $201,000. Finally, Magnetar Financial LLC bought a new stake in shares of Neenah Paper in the 3rd quarter valued at about $205,000. 92.89% of the stock is owned by hedge funds and other institutional investors.

Neenah Paper (NYSE:NP) opened at $89.15 on Friday. The firm has a market capitalization of $1,516.18, a price-to-earnings ratio of 20.63, a PEG ratio of 4.30 and a beta of 1.27. Neenah Paper has a 52-week low of $72.35 and a 52-week high of $90.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.52 and a quick ratio of 1.44.

Neenah Paper (NYSE:NP) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.01. The company had revenue of $245.10 million during the quarter, compared to analysts’ expectations of $240.60 million. Neenah Paper had a return on equity of 20.48% and a net margin of 8.13%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. analysts anticipate that Neenah Paper will post 4.19 EPS for the current year.

Neenah Paper announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 29th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the basic materials company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Friday, November 17th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.66%. The ex-dividend date was Thursday, November 16th. Neenah Paper’s dividend payout ratio is 32.60%.

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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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