Aperio Group LLC Acquires 824 Shares of Neenah Paper, Inc. (NP)
Aperio Group LLC grew its holdings in Neenah Paper, Inc. (NYSE:NP) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,924 shares of the basic materials company’s stock after purchasing an additional 824 shares during the quarter. Aperio Group LLC owned approximately 0.09% of Neenah Paper worth $1,277,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Macquarie Group Ltd. grew its position in shares of Neenah Paper by 33.8% in the 2nd quarter. Macquarie Group Ltd. now owns 585,928 shares of the basic materials company’s stock worth $47,021,000 after buying an additional 147,915 shares during the last quarter. HGK Asset Management Inc. purchased a new position in shares of Neenah Paper in the 2nd quarter worth approximately $585,000. Ameriprise Financial Inc. grew its position in shares of Neenah Paper by 6.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 376,898 shares of the basic materials company’s stock worth $30,246,000 after buying an additional 23,087 shares during the last quarter. Aberdeen Asset Management PLC UK purchased a new position in shares of Neenah Paper in the 2nd quarter worth approximately $36,785,000. Finally, Wells Fargo & Company MN grew its position in shares of Neenah Paper by 5.9% in the 2nd quarter. Wells Fargo & Company MN now owns 841,177 shares of the basic materials company’s stock worth $67,505,000 after buying an additional 46,719 shares during the last quarter. Institutional investors and hedge funds own 89.59% of the company’s stock.
A number of brokerages have recently issued reports on NP. DA Davidson reaffirmed a “neutral” rating on shares of Neenah Paper in a research report on Thursday, November 9th. BidaskClub raised shares of Neenah Paper from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 15th. Finally, Zacks Investment Research downgraded shares of Neenah Paper from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.
In other Neenah Paper news, SVP Matthew L. Duncan sold 1,107 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $79.00, for a total transaction of $87,453.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Larry Newton Brownlee sold 458 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $87.62, for a total transaction of $40,129.96. Following the sale, the vice president now directly owns 2,370 shares in the company, valued at approximately $207,659.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,620 shares of company stock worth $539,745. 2.00% of the stock is owned by insiders.
Shares of Neenah Paper, Inc. (NYSE NP) opened at $88.00 on Friday. The firm has a market cap of $1,480.00, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 4.11 and a beta of 1.26. Neenah Paper, Inc. has a 12-month low of $72.35 and a 12-month high of $90.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 2.52.
Neenah Paper (NYSE:NP) last released its earnings results on Tuesday, November 7th. The basic materials company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.01. The company had revenue of $245.10 million for the quarter, compared to the consensus estimate of $240.60 million. Neenah Paper had a net margin of 8.13% and a return on equity of 20.48%. Neenah Paper’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. equities analysts expect that Neenah Paper, Inc. will post 4.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Friday, November 17th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, November 16th. Neenah Paper’s dividend payout ratio is presently 32.53%.
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.
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 Analyst Ratings Network's FREE daily email newsletter.