Clearwater Paper Co. (NYSE:CLW) VP Michael S. Gadd Sells 8,691 Shares of Stock

Clearwater Paper Co. (NYSE:CLWGet 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:CLWGet 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

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Clearwater Paper during the 1st quarter worth $29,000. US Bancorp DE raised its stake in Clearwater Paper by 103.2% in the 1st quarter. US Bancorp DE now owns 1,213 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 616 shares during the period. Koshinski Asset Management Inc. bought a new stake in Clearwater Paper in the 1st quarter valued at about $48,000. Captrust Financial Advisors raised its stake in Clearwater Paper by 35.0% in the 1st quarter. Captrust Financial Advisors now owns 1,877 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 487 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Clearwater Paper in the 1st quarter valued at about $114,000. 90.02% of the stock is currently owned by institutional investors.

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

(Get Rating)

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.

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