Clearwater Paper Co. (NYSE:CLW) VP Michael S. Gadd Sells 6,182 Shares

Posted by Defense World Staff on Aug 9th, 2023

Clearwater Paper Co. (NYSE:CLW – Get Free Report) VP Michael S. Gadd sold 6,182 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $35.68, for a total value of $220,573.76. Following the sale, the vice president now owns 61,843 shares in the company, valued at $2,206,558.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Clearwater Paper Trading Up 1.8 %

CLW stock opened at $35.73 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.92. The business’s 50-day moving average is $32.00 and its 200 day moving average is $33.75. Clearwater Paper Co. has a 12-month low of $29.22 and a 12-month high of $46.48. The stock has a market cap of $597.05 million, a price-to-earnings ratio of 8.89 and a beta of 0.81.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CLW. Swiss National Bank lifted its stake in Clearwater Paper by 7.9% in the 1st quarter. Swiss National Bank now owns 39,500 shares of the basic materials company’s stock worth $1,107,000 after purchasing an additional 2,900 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Clearwater Paper by 5.8% in the 1st quarter. JPMorgan Chase & Co. now owns 147,496 shares of the basic materials company’s stock worth $4,134,000 after purchasing an additional 8,105 shares in the last quarter. American Century Companies Inc. lifted its stake in Clearwater Paper by 24.9% in the 1st quarter. American Century Companies Inc. now owns 91,900 shares of the basic materials company’s stock worth $2,576,000 after purchasing an additional 18,312 shares in the last quarter. US Bancorp DE lifted 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 worth $34,000 after purchasing an additional 616 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in Clearwater Paper by 12.9% in the 1st quarter. Citigroup Inc. now owns 14,456 shares of the basic materials company’s stock worth $405,000 after purchasing an additional 1,652 shares in the last quarter. 89.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Royal Bank of Canada upgraded Clearwater Paper from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $38.00 to $42.00 in a research report on Monday, April 24th. TheStreet upgraded Clearwater Paper from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Finally, StockNews.com upgraded Clearwater Paper from a “buy” rating to a “strong-buy” rating in a report on Monday.

View Our Latest Stock Report on Clearwater Paper

Clearwater Paper Company Profile

(Get Free Report)

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 manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.