Stephen Michael Wood Sells 1,000 Shares of Neenah Paper Inc. (NP) Stock
Neenah Paper Inc. (NYSE:NP) Director Stephen Michael Wood sold 1,000 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the transaction, the director now owns 33,625 shares of the company’s stock, valued at approximately $2,858,125. The sale was disclosed in a filing with the SEC, which is available at this link.
Neenah Paper Inc. (NYSE:NP) opened at 85.70 on Thursday. The firm’s 50-day moving average is $80.50 and its 200-day moving average is $75.70. The stock has a market cap of $1.44 billion, a P/E ratio of 21.52 and a beta of 1.45. Neenah Paper Inc. has a 12 month low of $52.70 and a 12 month high of $86.30.
Neenah Paper (NYSE:NP) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The company had revenue of $232.90 million for the quarter, compared to analyst estimates of $243.15 million. Neenah Paper had a net margin of 7.12% and a return on equity of 22.20%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. On average, equities analysts forecast that Neenah Paper Inc. will post $4.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.54%. Neenah Paper’s dividend payout ratio is currently 33.42%.
NP has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Neenah Paper from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. DA Davidson cut shares of Neenah Paper from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a research note on Friday, August 5th. They noted that the move was a valuation call.
Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can raised its stake in Neenah Paper by 0.4% in the third quarter. Bank of Montreal Can now owns 1,558 shares of the company’s stock worth $124,000 after buying an additional 6 shares in the last quarter. Bruderman Asset Management LLC raised its stake in shares of Neenah Paper by 0.4% in the third quarter. Bruderman Asset Management LLC now owns 2,217 shares of the company’s stock worth $175,000 after buying an additional 8 shares during the period. Creative Planning raised its stake in shares of Neenah Paper by 1.7% in the second quarter. Creative Planning now owns 1,689 shares of the company’s stock worth $122,000 after buying an additional 29 shares during the period. Opus Capital Group LLC raised its stake in shares of Neenah Paper by 1.2% in the second quarter. Opus Capital Group LLC now owns 3,215 shares of the company’s stock worth $233,000 after buying an additional 38 shares during the period. Finally, Bremer Trust National Association raised its stake in shares of Neenah Paper by 0.7% in the third quarter. Bremer Trust National Association now owns 5,872 shares of the company’s stock worth $464,000 after buying an additional 40 shares during the period. Institutional investors own 89.95% of the company’s stock.
About Neenah Paper
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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