Neenah Paper, Inc. (NYSE:NP) VP Larry Newton Brownlee sold 458 shares of Neenah Paper stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $87.62, for a total value of $40,129.96. Following the sale, the vice president now owns 2,370 shares in the company, valued at $207,659.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Neenah Paper, Inc. (NYSE:NP) traded up $0.05 during midday trading on Friday, hitting $88.00. The stock had a trading volume of 112,538 shares, compared to its average volume of 67,338. The company has a market cap of $1,479.98, a PE ratio of 20.14, a price-to-earnings-growth ratio of 4.20 and a beta of 1.26. Neenah Paper, Inc. has a 12 month low of $72.35 and a 12 month high of $90.23. The company has a quick ratio of 1.44, a current ratio of 2.52 and a debt-to-equity ratio of 0.56.
Neenah Paper (NYSE:NP) last released its earnings results on Tuesday, November 7th. The basic materials company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.01. The company had revenue of $245.10 million for 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 business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. equities research analysts forecast that Neenah Paper, Inc. will post 4.19 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently made changes to their positions in NP. Riverhead Capital Management LLC increased its holdings in Neenah Paper by 83.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,465 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 665 shares during the last quarter. Bruderman Asset Management LLC purchased a new stake in Neenah Paper in the 2nd quarter worth about $127,000. Pinebridge Investments L.P. increased its holdings in 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 worth $178,000 after acquiring an additional 18 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Neenah Paper in the 2nd quarter worth about $201,000. Finally, Magnetar Financial LLC purchased a new stake in Neenah Paper in the 3rd quarter worth about $205,000. 89.59% of the stock is owned by institutional investors.
A number of research firms have recently commented on NP. DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a research note on Thursday, November 9th. BidaskClub upgraded Neenah Paper from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Zacks Investment Research cut Neenah Paper from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.
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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