Neenah Paper, Inc. (NYSE:NP) CFO Bonnie Cruickshank Lind sold 1,500 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $81.00, for a total transaction of $121,500.00. Following the transaction, the chief financial officer now owns 27,074 shares of the company’s stock, valued at approximately $2,192,994. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bonnie Cruickshank Lind also recently made the following trade(s):
- On Thursday, June 22nd, Bonnie Cruickshank Lind sold 1,500 shares of Neenah Paper stock. The stock was sold at an average price of $80.00, for a total transaction of $120,000.00.
- On Monday, June 12th, Bonnie Cruickshank Lind sold 1,500 shares of Neenah Paper stock. The stock was sold at an average price of $81.00, for a total transaction of $121,500.00.
Shares of Neenah Paper, Inc. (NYSE:NP) traded down 0.37% during trading on Friday, reaching $80.60. 24,637 shares of the company were exchanged. The stock has a 50-day moving average of $79.49 and a 200 day moving average of $78.41. Neenah Paper, Inc. has a 52-week low of $72.35 and a 52-week high of $90.22. The stock has a market capitalization of $1.35 billion, a P/E ratio of 19.39 and a beta of 1.30.
Neenah Paper (NYSE:NP) last announced its quarterly earnings data on Wednesday, May 10th. The basic materials company reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.08. The firm had revenue of $242.10 million during the quarter, compared to analyst estimates of $243.35 million. Neenah Paper had a return on equity of 21.77% and a net margin of 7.51%. Neenah Paper’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.15 earnings per share. On average, equities analysts anticipate that Neenah Paper, Inc. will post $4.04 earnings per share for the current fiscal year.
Neenah Paper announced that its Board of Directors has approved a share buyback program on Thursday, May 25th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the basic materials company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
Several equities analysts have recently commented on the stock. BidaskClub lowered shares of Neenah Paper from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of Neenah Paper from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine lowered shares of Neenah Paper from a “buy” rating to a “hold” rating in a research report on Saturday, May 27th.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake 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 last quarter. Vanguard Group Inc. raised its stake in shares of Neenah Paper by 6.4% in the first quarter. Vanguard Group Inc. now owns 897,825 shares of the basic materials company’s stock worth $67,067,000 after buying an additional 53,970 shares during the last quarter. Wells Fargo & Company MN raised its stake 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 last quarter. Dimensional Fund Advisors LP raised its stake in shares of Neenah Paper by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 704,650 shares of the basic materials company’s stock worth $52,637,000 after buying an additional 11,228 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Neenah Paper during the first quarter worth approximately $38,985,000. Hedge funds and other institutional investors own 90.83% of the company’s stock.
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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