Neenah Paper, Inc. (NYSE:NP) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Analysts have set a 1 year consensus price objective of $75.00 for the company and are predicting that the company will post $0.95 earnings per share for the current quarter, according to Zacks. Zacks has also given Neenah Paper an industry rank of 179 out of 265 based on the ratings given to its competitors.

Several brokerages recently commented on NP. BidaskClub cut Neenah Paper from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research cut Neenah Paper from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, ValuEngine cut Neenah Paper from a “buy” rating to a “hold” rating in a research report on Saturday, May 27th.

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In other news, VP Larry Newton Brownlee sold 1,450 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $79.77, for a total transaction of $115,666.50. Following the transaction, the vice president now owns 2,912 shares in the company, valued at $232,290.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bonnie Cruickshank Lind sold 1,500 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $80.00, for a total value of $120,000.00. Following the transaction, the chief financial officer now owns 28,574 shares in the company, valued at approximately $2,285,920. The disclosure for this sale can be found here. Insiders have sold 10,809 shares of company stock valued at $873,204 over the last three months. Insiders own 2.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Neenah Paper by 128,954.2% in the first 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 during the period. Wellington Management Group LLP purchased a new position in shares of Neenah Paper during the first quarter worth $38,985,000. Aberdeen Asset Management PLC UK purchased a new position in shares of Neenah Paper during the second quarter worth $36,785,000. Wells Fargo & Company MN raised its position in shares of Neenah Paper by 135.9% in the first quarter. Wells Fargo & Company MN now owns 794,458 shares of the basic materials company’s stock worth $59,346,000 after buying an additional 457,658 shares during the period. Finally, Copper Rock Capital Partners LLC purchased a new position in shares of Neenah Paper during the second quarter worth $33,097,000. Institutional investors own 92.16% of the company’s stock.

Shares of Neenah Paper (NYSE:NP) traded up 0.98% on Friday, hitting $77.05. The company had a trading volume of 68,327 shares. The firm has a market capitalization of $1.29 billion, a P/E ratio of 17.55 and a beta of 1.30. The firm has a 50 day moving average of $79.13 and a 200-day moving average of $77.92. Neenah Paper has a 12-month low of $72.35 and a 12-month high of $90.23.

Neenah Paper (NYSE:NP) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The firm had revenue of $248.70 million during the quarter, compared to analysts’ expectations of $250.88 million. During the same period in the prior year, the firm posted $1.26 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Neenah Paper will post $4.18 EPS for the current year.

Neenah Paper declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 25th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the basic materials company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.48 annualized dividend and a yield of 1.92%. Neenah Paper’s dividend payout ratio (DPR) is presently 33.71%.

About Neenah Paper

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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