Great West Life Assurance Co. Can increased its stake in shares of Neenah Paper Inc. (NYSE:NP) by 3.4% during the third quarter, Holdings Channel reports. The fund owned 23,611 shares of the company’s stock after buying an additional 772 shares during the period. Great West Life Assurance Co. Can’s holdings in Neenah Paper were worth $1,863,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in NP. Swiss National Bank increased its stake in shares of Neenah Paper by 1.8% in the second quarter. Swiss National Bank now owns 28,700 shares of the company’s stock valued at $2,077,000 after buying an additional 500 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Neenah Paper during the second quarter valued at about $438,000. BB&T Corp increased its stake in Neenah Paper by 923.9% in the second quarter. BB&T Corp now owns 74,896 shares of the company’s stock valued at $5,419,000 after buying an additional 67,581 shares in the last quarter. Aviance Capital Management LLC increased its stake in Neenah Paper by 11.3% in the second quarter. Aviance Capital Management LLC now owns 3,927 shares of the company’s stock valued at $284,000 after buying an additional 400 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in Neenah Paper during the second quarter valued at about $112,000. Institutional investors and hedge funds own 89.06% of the company’s stock.
Neenah Paper Inc. (NYSE:NP) traded down 0.93% during midday trading on Monday, reaching $85.45. The company’s stock had a trading volume of 98,722 shares. The stock has a 50 day moving average of $80.88 and a 200 day moving average of $76.11. The firm has a market capitalization of $1.43 billion, a PE ratio of 21.45 and a beta of 1.45. Neenah Paper Inc. has a 52 week low of $52.70 and a 52 week high of $86.45.
Neenah Paper (NYSE:NP) last issued its earnings results on Tuesday, November 8th. The company reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. Neenah Paper had a return on equity of 22.20% and a net margin of 7.12%. The firm had revenue of $232.90 million for the quarter, compared to the consensus estimate of $243.15 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts predict that Neenah Paper Inc. will post $4.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.54%. Neenah Paper’s dividend payout ratio (DPR) is currently 33.42%.
Several research firms have issued reports on NP. Zacks Investment Research upgraded Neenah Paper from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 22nd. DA Davidson restated a “hold” rating and set a $78.00 price objective on shares of Neenah Paper in a report on Thursday, November 10th.
In other news, Director Stephen Michael Wood sold 1,000 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the sale, the director now owns 33,625 shares in the company, valued at approximately $2,858,125. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James R. Piedmonte sold 10,000 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $79.60, for a total value of $796,000.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
Neenah Paper Company Profile
Neenah Paper, Inc has two principal operations, technical products business, and fine paper and packaging business. The Company’s segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of fiber-formed, coated and/or saturated specialized media, which includes filtration media (Filtration), tape and abrasives backings products (Backings), and durable label and specialty substrate products (Specialty).