Clearwater Paper Co. (NYSE:CLW – Get Rating) VP Michael S. Gadd sold 8,691 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $42.02, for a total transaction of $365,195.82. Following the sale, the vice president now directly owns 69,866 shares of the company’s stock, valued at approximately $2,935,769.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Clearwater Paper Stock Performance
NYSE CLW opened at $43.22 on Friday. The company has a fifty day simple moving average of $34.73 and a 200 day simple moving average of $31.71. Clearwater Paper Co. has a 12-month low of $25.07 and a 12-month high of $46.34. The company has a current ratio of 1.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.08. The company has a market cap of $723.50 million, a P/E ratio of 17.29 and a beta of 0.95.
Clearwater Paper (NYSE:CLW – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. Clearwater Paper had a return on equity of 11.51% and a net margin of 2.19%. During the same quarter in the previous year, the firm posted ($1.07) EPS. Sell-side analysts predict that Clearwater Paper Co. will post 4.1 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Clearwater Paper
Analysts Set New Price Targets
CLW has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Clearwater Paper from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com raised shares of Clearwater Paper from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. TheStreet raised shares of Clearwater Paper from a “c” rating to a “b” rating in a research report on Wednesday. Finally, Royal Bank of Canada raised shares of Clearwater Paper from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $45.00 in a research report on Wednesday.
Clearwater Paper Company Profile
Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through two segments, Pulp and Paperboard, and Consumer Products. The Pulp and Paperboard segment offers folding cartons, liquid packaging, cups and plates, blister and carded packaging products, top sheet and commercial printing items, and softwood pulp products, as well as custom sheeting, slitting, and cutting of paperboard products.
- Get a free copy of the StockNews.com research report on Clearwater Paper (CLW)
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