Shares of Neenah Paper Inc. (NYSE:NP) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $74.75 and last traded at $74.55, with a volume of 24,362 shares. The stock had previously closed at $73.56.

Separately, Zacks Investment Research raised shares of Neenah Paper from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Monday, May 16th.

The company has a market capitalization of $1.25 billion and a PE ratio of 23.73. The firm has a 50-day moving average price of $70.54 and a 200-day moving average price of $63.85.

Neenah Paper (NYSE:NP) last released its quarterly earnings results on Wednesday, May 11th. The company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.06. The company earned $242.10 million during the quarter, compared to analyst estimates of $244.90 million. During the same quarter last year, the business earned $0.95 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities analysts forecast that Neenah Paper Inc. will post $4.25 earnings per share for the current year.

In other Neenah Paper news, VP Larry Newton Brownlee sold 714 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $73.11, for a total transaction of $52,200.54. Following the completion of the sale, the vice president now directly owns 472 shares in the company, valued at approximately $34,507.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Steven S. Heinrichs sold 7,870 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $68.20, for a total value of $536,734.00. The disclosure for this sale can be found here.

Other large investors have made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Neenah Paper by 16.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 369,231 shares of the company’s stock worth $23,052,000 after buying an additional 52,076 shares during the last quarter. Morgan Stanley raised its stake in shares of Neenah Paper by 15.6% in the fourth quarter. Morgan Stanley now owns 158,072 shares of the company’s stock worth $9,867,000 after buying an additional 21,285 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Neenah Paper by 3.5% in the fourth quarter. Eagle Asset Management Inc. now owns 119,906 shares of the company’s stock worth $7,485,000 after buying an additional 4,076 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Neenah Paper by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 115,141 shares of the company’s stock worth $7,189,000 after buying an additional 5,094 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Neenah Paper by 0.8% in the fourth quarter. American Century Companies Inc. now owns 62,563 shares of the company’s stock worth $3,906,000 after buying an additional 507 shares during the last quarter.

Neenah Paper, Inc (Neenah) has two primary businesses: technical products business, and fine paper and packaging business. The Company’s technical products business is engaged in the production of filter media for transportation, water and other markets, and saturated and coated substrates for industrial products backings and a variety of other end markets.

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