BW Gestao de Investimentos Ltda. trimmed its stake in shares of Neenah Paper, Inc. (NYSE:NP) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,460 shares of the basic materials company’s stock after selling 250 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in Neenah Paper were worth $518,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of NP. BlackRock Inc. lifted its holdings in Neenah Paper by 128,954.2% during the first quarter. BlackRock Inc. now owns 2,011,955 shares of the basic materials company’s stock valued at $150,292,000 after purchasing an additional 2,010,396 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Neenah Paper in the first quarter worth about $38,985,000. Aberdeen Asset Management PLC UK purchased a new position in shares of Neenah Paper in the second quarter worth about $36,785,000. Copper Rock Capital Partners LLC purchased a new position in shares of Neenah Paper in the second quarter worth about $33,097,000. Finally, Granite Investment Partners LLC purchased a new position in shares of Neenah Paper in the second quarter worth about $12,200,000. 89.33% of the stock is currently owned by institutional investors and hedge funds.
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In other Neenah Paper news, SVP Steven S. Heinrichs sold 2,744 shares of the company’s 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 directly owns 18,293 shares in the company, valued at approximately $1,554,905. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Matthew L. Duncan sold 311 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $82.00, for a total transaction of $25,502.00. Following the completion of the transaction, the senior vice president now owns 1,963 shares in the company, valued at $160,966. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,392 shares of company stock worth $845,254. 2.00% of the stock is owned by insiders.
Neenah Paper, Inc. (NYSE:NP) traded up 0.46% during trading on Friday, hitting $87.55. 71,923 shares of the stock traded hands. The company’s 50 day moving average price is $81.63 and its 200-day moving average price is $78.79. Neenah Paper, Inc. has a 52-week low of $72.35 and a 52-week high of $90.23. The stock has a market cap of $1.47 billion, a P/E ratio of 19.94 and a beta of 1.32.
Neenah Paper (NYSE:NP) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.14. The firm 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 firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 EPS. Equities research analysts forecast that Neenah Paper, Inc. will post $4.18 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on NP shares. BidaskClub downgraded shares of Neenah Paper from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 29th. Zacks Investment Research raised shares of Neenah Paper from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
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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