DA Davidson reiterated their neutral rating on shares of Neenah Paper, Inc. (NYSE:NP) in a report issued on Thursday, The Fly reports. DA Davidson also issued estimates for Neenah Paper’s Q4 2017 earnings at $0.89 EPS, FY2017 earnings at $4.16 EPS, Q1 2018 earnings at $1.23 EPS, Q2 2018 earnings at $1.31 EPS, Q3 2018 earnings at $1.21 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $4.69 EPS and FY2019 earnings at $5.15 EPS.

Several other brokerages also recently commented on NP. BidaskClub upgraded shares of Neenah Paper from a strong sell rating to a sell rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Neenah Paper from a strong sell rating to a hold rating in a research report on Wednesday, July 12th.

Shares of Neenah Paper (NYSE:NP) traded up $0.65 during trading hours on Thursday, hitting $84.55. 72,000 shares of the company traded hands, compared to its average volume of 78,733. The company has a current ratio of 2.52, a quick ratio of 1.44 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1,421.99, a P/E ratio of 19.35, a PEG ratio of 4.05 and a beta of 1.26. Neenah Paper has a fifty-two week low of $72.35 and a fifty-two week high of $90.23.

Neenah Paper (NYSE:NP) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.01. The business had revenue of $245.10 million during the quarter, compared to the consensus estimate of $240.60 million. Neenah Paper had a net margin of 8.13% and a return on equity of 20.48%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. sell-side analysts predict that Neenah Paper will post 4.18 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Friday, November 17th will be given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. Neenah Paper’s dividend payout ratio (DPR) is presently 32.60%.

In other Neenah Paper news, SVP Steven S. Heinrichs sold 2,744 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were 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 approximately $1,554,905. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew L. Duncan sold 311 shares of the stock in a transaction that occurred on 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 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. Insiders own 2.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Neenah Paper by 128,954.2% in the 1st quarter. BlackRock Inc. now owns 2,011,955 shares of the basic materials company’s stock worth $150,292,000 after buying an additional 2,010,396 shares in the last quarter. Vanguard Group Inc. lifted its position in Neenah Paper by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 910,945 shares of the basic materials company’s stock worth $73,103,000 after buying an additional 13,120 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Neenah Paper by 3.4% during the 3rd quarter. Wells Fargo & Company MN now owns 869,568 shares of the basic materials company’s stock worth $74,392,000 after purchasing an additional 28,391 shares during the last quarter. Royce & Associates LP increased its stake in shares of Neenah Paper by 0.9% during the 2nd quarter. Royce & Associates LP now owns 824,800 shares of the basic materials company’s stock worth $66,190,000 after purchasing an additional 6,966 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Neenah Paper by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 714,174 shares of the basic materials company’s stock worth $61,098,000 after purchasing an additional 7,164 shares during the last quarter. Institutional investors own 89.59% of the company’s stock.

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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