Breaking: Will Neenah Paper, Inc. Run Out of Steam Soon?

Breaking: Will Neenah Paper, Inc. Run Out of Steam Soon?

The stock of Neenah Paper, Inc. (NYSE:NP) hit a new 52-week high and has $129.20 target or 52.00% above today’s $85.00 share price. The 7 months bullish chart indicates low risk for the $1.43B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $129.20 price target is reached, the company will be worth $743.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $85 per share. It is down 30.33% since April 19, 2016 and is uptrending. It has outperformed by 26.47% the S&P500.

According to Zacks Investment Research, “Neenah is a leading global specialty materials company, focused on premium niche markets that include advanced filtration media, specialized substrates used for tapes, labels and other products, and premium printing and packaging papers. The company is headquartered in Alpharetta, Georgia and its products are sold in over 70 countries worldwide from manufacturing operations in the United States and Germany.”

Insitutional Activity: The institutional sentiment increased to 1.14 in Q2 2016. Its up 0.20, from 0.94 in 2016Q1. The ratio improved, as 15 funds sold all Neenah Paper, Inc. shares owned while 68 reduced positions. 17 funds bought stakes while 61 increased positions. They now own 14.79 million shares or 1.22% more from 14.62 million shares in 2016Q1.
Creative Planning has 0% invested in the company for 1,689 shares. Moreover, Dalton Greiner Hartman Maher has 0.11% invested in Neenah Paper, Inc. (NYSE:NP) for 24,843 shares. First Mercantile has 2,440 shares for 0.02% of their US portfolio. Envestnet Asset Mngmt holds 11,345 shares or 0% of its portfolio. Stifel has 0.02% invested in the company for 64,036 shares. Trustmark Bancorp Department owns 6,154 shares or 0.06% of their US portfolio. Great West Life Assurance Can last reported 2,860 shares in the company. Fdx Advsrs Inc last reported 11,167 shares in the company. Affinity Inv Advsr Llc holds 0.03% of its portfolio in Neenah Paper, Inc. (NYSE:NP) for 4,956 shares. Blackrock Institutional Na has invested 0% of its portfolio in Neenah Paper, Inc. (NYSE:NP). Moreover, State Board Of Administration Of Florida Retirement Sys has 0% invested in Neenah Paper, Inc. (NYSE:NP) for 9,891 shares. Sit Invest Associate last reported 0% of its portfolio in the stock. Pinnacle Assocs Limited has 5,750 shares for 0.01% of their US portfolio. Nationwide Fund Advisors holds 20,266 shares or 0.01% of its portfolio. The Massachusetts-based State Street Corp has invested 0% in Neenah Paper, Inc. (NYSE:NP).

Insider Transactions: Since May 23, 2016, the stock had 1 buying transaction, and 13 insider sales for $2.55 million net activity. Brownlee Larry Newton sold 2,913 shares worth $223,590. Schertell Julie had sold 700 shares worth $47,131. On Monday, June 6 Lind Bonnie Cruickshank sold $309,227 worth of the stock or 4,348 shares. Another trade for 10,000 shares valued at $795,953 was sold by Piedmonte James R. Another trade for 7,870 shares valued at $536,734 was made by Heinrichs Steven S on Thursday, May 26. The insider COOK WILLIAM M bought $40,840. $106,137 worth of Neenah Paper, Inc. (NYSE:NP) was sold by Lucas Timothy S.

NP Company Profile

Neenah Paper, Inc., incorporated on April 22, 2004, has two principal operations, technical products business, and fine paper and packaging business. The Company’s divisions 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). The fine paper and packaging business is a supplier of printing and other specialty papers (Graphic Imaging), premium packaging (Packaging) and specialty office papers (Filing/Office) in North America. The Company’s technical products manufacturing facilities are located in Munising, Michigan; Pittsfield, Massachusetts; Bolton, England, and Munich, Germany. The Company’s fine paper and packaging manufacturing facilities are located in Appleton, Neenah and Whiting, Wisconsin, and Canton, Ohio.

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