Neenah Inc (NYSE:NP) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price objective of $80.50 for the company and are forecasting that the company will post $1.12 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Neenah an industry rank of 28 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Neenah from a “sell” rating to a “hold” rating in a research note on Wednesday, April 25th.
In other news, VP Larry Newton Brownlee sold 800 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $80.22, for a total value of $64,176.00. Following the completion of the sale, the vice president now owns 3,860 shares of the company’s stock, valued at approximately $309,649.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sean T. Erwin sold 1,318 shares of the business’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $82.88, for a total transaction of $109,235.84. Following the completion of the sale, the director now directly owns 20,453 shares of the company’s stock, valued at approximately $1,695,144.64. The disclosure for this sale can be found here. Insiders sold a total of 2,386 shares of company stock valued at $195,910 in the last three months. Insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Neenah by 327.5% in the 1st quarter. Victory Capital Management Inc. now owns 16,339 shares of the basic materials company’s stock valued at $1,281,000 after buying an additional 12,517 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Neenah by 7.7% in the 4th quarter. Macquarie Group Ltd. now owns 705,779 shares of the basic materials company’s stock valued at $63,979,000 after buying an additional 50,240 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Neenah by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 140,948 shares of the basic materials company’s stock valued at $12,776,000 after buying an additional 4,156 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Neenah in the 4th quarter valued at about $524,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Neenah by 5.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 117,756 shares of the basic materials company’s stock valued at $10,675,000 after buying an additional 5,879 shares during the period. 90.46% of the stock is owned by institutional investors.
Neenah opened at $84.55 on Friday, Marketbeat.com reports. Neenah has a 12-month low of $75.50 and a 12-month high of $95.40. The firm has a market cap of $1.42 billion, a P/E ratio of 19.57, a PEG ratio of 3.80 and a beta of 1.26. The company has a current ratio of 2.51, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65.
Neenah (NYSE:NP) last released its quarterly earnings results on Wednesday, May 9th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.01. Neenah had a net margin of 7.86% and a return on equity of 18.73%. The firm had revenue of $266.50 million for the quarter, compared to the consensus estimate of $260.30 million. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. equities analysts expect that Neenah will post 4.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Friday, May 18th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 17th. Neenah’s dividend payout ratio (DPR) is 37.96%.
Neenah Company Profile
Neenah, Inc produces and sells technical products, and fine paper and packaging products worldwide. The company's Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes to manufacturers; and coated lightweight abrasive paper for automotive, construction, metal, and woodworking industries.
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