Neenah Paper Inc. (NP) Stock Rating Reaffirmed by DA Davidson
Neenah Paper Inc. (NYSE:NP)‘s stock had its “hold” rating reaffirmed by equities researchers at DA Davidson in a research note issued to investors on Thursday. They presently have a $78.00 price target on the stock. DA Davidson’s target price would indicate a potential downside of 2.50% from the stock’s previous close.
Separately, Zacks Investment Research cut shares of Neenah Paper from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th.
Neenah Paper (NYSE:NP) opened at 80.00 on Thursday. The stock’s 50 day moving average price is $79.39 and its 200 day moving average price is $74.57. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 20.09 and a beta of 1.45. Neenah Paper has a 52-week low of $52.70 and a 52-week high of $82.24.
Neenah Paper (NYSE:NP) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Neenah Paper had a net margin of 7.12% and a return on equity of 22.20%. The business had revenue of $232.90 million for the quarter, compared to analysts’ expectations of $243.15 million. During the same quarter last year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts forecast that Neenah Paper will post $4.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.65%. Neenah Paper’s dividend payout ratio is currently 33.42%.
In other Neenah Paper news, SVP James R. Piedmonte sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $79.60, for a total value of $796,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Larry Newton Brownlee sold 2,913 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $76.76, for a total transaction of $223,601.88. Following the completion of the sale, the vice president now owns 442 shares in the company, valued at approximately $33,927.92. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in NP. Aviance Capital Management LLC raised its stake in shares of Neenah Paper by 11.3% in the second quarter. Aviance Capital Management LLC now owns 3,927 shares of the company’s stock valued at $284,000 after buying an additional 400 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Neenah Paper during the second quarter valued at approximately $112,000. 1st Global Advisors Inc. raised its stake in shares of Neenah Paper by 0.7% in the second quarter. 1st Global Advisors Inc. now owns 6,429 shares of the company’s stock valued at $465,000 after buying an additional 44 shares during the last quarter. Copper Rock Capital Partners LLC raised its stake in shares of Neenah Paper by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 395,074 shares of the company’s stock valued at $28,592,000 after buying an additional 6,274 shares during the last quarter. Finally, James Investment Research Inc. raised its stake in shares of Neenah Paper by 53.2% in the second quarter. James Investment Research Inc. now owns 186,822 shares of the company’s stock valued at $13,521,000 after buying an additional 64,852 shares during the last quarter. Institutional investors own 88.90% of the company’s stock.
Neenah Paper Company Profile
Neenah Paper, Inc has two principal operations, technical products business, and fine paper and packaging business. The Company’s segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of fiber-formed, coated and/or saturated specialized media, which includes filtration media (Filtration), tape and abrasives backings products (Backings), and durable label and specialty substrate products (Specialty).
Receive News & Stock Ratings for Neenah Paper Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neenah Paper Inc. and related stocks with our FREE daily email newsletter.