Neenah Inc (NYSE:NP) has been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Brokers have set a 1 year consensus price objective of $80.50 for the company and are anticipating that the company will post $1.12 EPS for the current quarter, according to Zacks. Zacks has also given Neenah an industry rank of 164 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Neenah from a “sell” rating to a “hold” rating in a report on Wednesday, April 25th.
In other Neenah news, Director Sean T. Erwin sold 1,318 shares of the business’s stock in a transaction on Thursday, May 24th. The shares were 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 in the company, valued at approximately $1,695,144.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Larry Newton Brownlee sold 800 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $80.22, for a total transaction of $64,176.00. Following the sale, the vice president now owns 3,860 shares of the company’s stock, valued at $309,649.20. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE raised its stake in Neenah by 115.7% during the 4th quarter. US Bancorp DE now owns 1,152 shares of the basic materials company’s stock valued at $104,000 after buying an additional 618 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Neenah during the 4th quarter valued at $200,000. Xact Kapitalforvaltning AB purchased a new stake in Neenah during the 4th quarter valued at $205,000. Amalgamated Bank purchased a new stake in Neenah during the 4th quarter valued at $220,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of Neenah during the 4th quarter valued at $228,000. Institutional investors and hedge funds own 90.47% of the company’s stock.
Shares of Neenah traded up $0.90, hitting $83.50, during trading hours on Friday, according to Marketbeat.com. The company had a trading volume of 1,466 shares, compared to its average volume of 84,242. The company has a market cap of $1.40 billion, a P/E ratio of 19.17, a P/E/G ratio of 3.77 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 has a 52-week low of $75.50 and a 52-week high of $95.40.
Neenah (NYSE:NP) last posted its 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. The company had revenue of $266.50 million for the quarter, compared to analysts’ expectations of $260.30 million. Neenah had a return on equity of 18.73% and a net margin of 7.86%. Neenah’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. equities research analysts forecast that Neenah will post 4.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Friday, May 18th were issued a $0.41 dividend. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $1.64 dividend on an annualized basis and a yield of 1.96%. Neenah’s payout ratio is currently 37.96%.
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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