Neenah Paper, Inc. (NP) SVP Matthew L. Duncan Sells 1,107 Shares of Stock

Neenah Paper, Inc. (NYSE:NP) SVP Matthew L. Duncan sold 1,107 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $79.00, for a total value of $87,453.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Neenah Paper, Inc. (NYSE:NP) opened at 79.30 on Wednesday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 18.06 and a beta of 1.30. Neenah Paper, Inc. has a 1-year low of $72.35 and a 1-year high of $90.23. The company has a 50-day moving average price of $78.05 and a 200 day moving average price of $77.37.

Neenah Paper (NYSE:NP) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.14. The business had revenue of $248.70 million during the quarter, compared to analyst estimates of $250.88 million. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.26 EPS. Equities analysts anticipate that Neenah Paper, Inc. will post $4.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Wednesday, August 16th. Neenah Paper’s dividend payout ratio is presently 33.71%.

Neenah Paper announced that its Board of Directors has approved a stock buyback program on Thursday, May 25th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the basic materials company to buy up to 2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: “Neenah Paper, Inc. (NP) SVP Matthew L. Duncan Sells 1,107 Shares of Stock” was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/2888408/neenah-paper-inc-np-svp-matthew-l-duncan-sells-1107-shares-of-stock.html.

Several brokerages have recently issued reports on NP. BidaskClub upgraded Neenah Paper from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 15th. Zacks Investment Research downgraded Neenah Paper from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, ValuEngine downgraded Neenah Paper from a “buy” rating to a “hold” rating in a research report on Saturday, May 27th.

Several institutional investors have recently modified their holdings of NP. BlackRock Inc. boosted 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 acquired a new stake in shares of Neenah Paper in the first quarter worth $38,985,000. Aberdeen Asset Management PLC UK acquired a new stake in shares of Neenah Paper in the second quarter worth $36,785,000. Copper Rock Capital Partners LLC acquired a new stake in shares of Neenah Paper in the second quarter worth $33,097,000. Finally, Granite Investment Partners LLC acquired a new stake in shares of Neenah Paper in the second quarter worth $12,200,000. 93.04% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Neenah Paper (NYSE:NP)

Receive News & Ratings for Neenah Paper Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neenah Paper Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.