Clearwater Paper Corporation (NYSE:CLW) insider Michael S. Gadd sold 1,546 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $50.04, for a total transaction of $77,361.84. Following the completion of the transaction, the insider now owns 17,464 shares in the company, valued at $873,898.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Clearwater Paper Corporation (NYSE:CLW) traded up 3.78% during mid-day trading on Friday, reaching $46.70. 129,193 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $46.83 and its 200-day moving average is $52.14. Clearwater Paper Corporation has a 52-week low of $43.60 and a 52-week high of $68.40. The stock has a market cap of $768.54 million, a price-to-earnings ratio of 30.11 and a beta of 1.07.

Clearwater Paper Corporation (NYSE:CLW) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.08. The business had revenue of $429.70 million for the quarter, compared to the consensus estimate of $439.33 million. Clearwater Paper Corporation had a net margin of 1.49% and a return on equity of 7.74%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 earnings per share. On average, equities analysts expect that Clearwater Paper Corporation will post $2.75 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the company. US Bancorp DE increased its position in shares of Clearwater Paper Corporation by 1.0% in the first quarter. US Bancorp DE now owns 3,714 shares of the basic materials company’s stock worth $208,000 after buying an additional 35 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in Clearwater Paper Corporation by 2.3% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 282,200 shares of the basic materials company’s stock valued at $15,803,000 after buying an additional 6,388 shares in the last quarter. Norges Bank bought a new position in Clearwater Paper Corporation during the fourth quarter valued at approximately $12,031,000. Strs Ohio increased its position in Clearwater Paper Corporation by 4.2% in the first quarter. Strs Ohio now owns 14,900 shares of the basic materials company’s stock valued at $834,000 after buying an additional 600 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in Clearwater Paper Corporation by 12.2% in the first quarter. Wedge Capital Management L L P NC now owns 308,072 shares of the basic materials company’s stock valued at $17,252,000 after buying an additional 33,466 shares in the last quarter. Institutional investors and hedge funds own 84.60% of the company’s stock.

A number of research firms recently issued reports on CLW. Royal Bank Of Canada lowered their target price on shares of Clearwater Paper Corporation from $63.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday. BidaskClub lowered shares of Clearwater Paper Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded shares of Clearwater Paper Corporation from a “strong sell” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Wednesday, June 21st. Finally, Vertical Research upgraded shares of Clearwater Paper Corporation from a “hold” rating to a “buy” rating in a research note on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $60.50.

About Clearwater Paper Corporation

Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.

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