Steven S. Heinrichs Sells 2,744 Shares of Neenah Paper, Inc. (NP) Stock
Neenah Paper, Inc. (NYSE:NP) SVP Steven S. Heinrichs sold 2,744 shares of Neenah Paper stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $85.00, for a total value of $233,240.00. Following the transaction, the senior vice president now owns 18,293 shares of the company’s stock, valued at approximately $1,554,905. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Neenah Paper, Inc. (NYSE:NP) opened at 85.55 on Friday. The firm’s 50 day moving average is $78.10 and its 200 day moving average is $77.63. The company has a market cap of $1.44 billion, a PE ratio of 19.49 and a beta of 1.30. Neenah Paper, Inc. has a 52-week low of $72.35 and a 52-week high of $90.23.
Neenah Paper (NYSE:NP) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.14. The business had revenue of $248.70 million for the quarter, compared to analysts’ expectations of $250.88 million. Neenah Paper had a net margin of 7.99% and a return on equity of 21.03%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 earnings per share. Analysts forecast that Neenah Paper, Inc. will post $4.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, August 16th. Neenah Paper’s dividend payout ratio (DPR) is presently 33.71%.
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Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Neenah Paper during the first quarter valued at approximately $107,000. Riverhead Capital Management LLC grew its holdings in shares of Neenah Paper by 83.1% during the second quarter. Riverhead Capital Management LLC now owns 1,465 shares of the basic materials company’s stock valued at $117,000 after buying an additional 665 shares during the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of Neenah Paper during the second quarter valued at approximately $127,000. Bank of Montreal Can grew its holdings in shares of Neenah Paper by 17.3% during the first quarter. Bank of Montreal Can now owns 1,808 shares of the basic materials company’s stock valued at $135,000 after buying an additional 267 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its holdings in shares of Neenah Paper by 0.8% during the second quarter. Pinebridge Investments L.P. now owns 2,211 shares of the basic materials company’s stock valued at $178,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 89.33% of the company’s stock.
A number of equities analysts have issued reports on NP shares. Zacks Investment Research upgraded Neenah Paper from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub upgraded Neenah Paper from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st.
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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