William M. Cook Buys 500 Shares of Neenah Paper Inc. (NP) Stock
Neenah Paper Inc. (NYSE:NP) Director William M. Cook bought 500 shares of Neenah Paper stock in a transaction dated Monday, November 14th. The shares were acquired at an average price of $81.68 per share, with a total value of $40,840.00. Following the completion of the purchase, the director now directly owns 1,563 shares in the company, valued at approximately $127,665.84. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Neenah Paper Inc. (NYSE:NP) traded down 0.06% during mid-day trading on Friday, hitting $84.30. The stock had a trading volume of 12,841 shares. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 21.16 and a beta of 1.45. Neenah Paper Inc. has a 12 month low of $52.70 and a 12 month high of $84.53. The firm’s 50-day moving average is $79.78 and its 200 day moving average is $75.09.
Neenah Paper (NYSE:NP) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The firm earned $232.90 million during the quarter, compared to the consensus estimate of $243.15 million. Neenah Paper had a return on equity of 22.20% and a net margin of 7.12%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. Equities analysts anticipate that Neenah Paper Inc. will post $4.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 11th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, November 8th. Neenah Paper’s payout ratio is 33.42%.
Several research firms recently issued reports on NP. Zacks Investment Research downgraded Neenah Paper from a “hold” rating to a “sell” rating in a research note on Tuesday. DA Davidson reiterated a “hold” rating and set a $78.00 target price on shares of Neenah Paper in a research report on Thursday, November 10th.
Several hedge funds have recently modified their holdings of NP. LPL Financial LLC acquired a new stake in shares of Neenah Paper during the third quarter worth approximately $710,000. Credit Suisse AG increased its stake in shares of Neenah Paper by 5.7% in the third quarter. Credit Suisse AG now owns 23,762 shares of the company’s stock worth $1,878,000 after buying an additional 1,292 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Neenah Paper by 11.4% in the third quarter. Panagora Asset Management Inc. now owns 139,154 shares of the company’s stock worth $10,994,000 after buying an additional 14,249 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Neenah Paper during the third quarter worth approximately $891,000. Finally, KCG Holdings Inc. acquired a new stake in shares of Neenah Paper during the third quarter worth approximately $367,000. 89.30% of the stock is owned by institutional investors.
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).
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