Neogen Corp. (NASDAQ:NEOG) VP Terri A. Morrical sold 9,600 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $54.14, for a total value of $519,744.00. Following the sale, the vice president now directly owns 44,384 shares of the company’s stock, valued at $2,402,949.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Neogen Corp. (NASDAQ:NEOG) opened at 55.94 on Friday. Neogen Corp. has a 1-year low of $43.79 and a 1-year high of $61.24. The stock has a market cap of $2.11 billion, a P/E ratio of 57.08 and a beta of 1.28. The company has a 50-day moving average price of $57.76 and a 200 day moving average price of $53.03.
Neogen Corp. (NASDAQ:NEOG) last issued its quarterly earnings results on Tuesday, September 27th. The company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $83.65 million for the quarter. Neogen Corp. had a net margin of 11.25% and a return on equity of 9.36%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. Equities analysts expect that Neogen Corp. will post $1.12 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on NEOG shares. Craig Hallum downgraded Neogen Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 29th. Zacks Investment Research downgraded Neogen Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, July 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $58.25.
A number of large investors have recently added to or reduced their stakes in NEOG. Kennedy Capital Management Inc. boosted its stake in Neogen Corp. by 2.6% in the first quarter. Kennedy Capital Management Inc. now owns 31,621 shares of the company’s stock valued at $1,592,000 after buying an additional 790 shares during the period. Geode Capital Management LLC boosted its stake in Neogen Corp. by 5.6% in the first quarter. Geode Capital Management LLC now owns 257,398 shares of the company’s stock valued at $12,959,000 after buying an additional 13,715 shares during the period. Loomis Sayles & Co. L P boosted its stake in Neogen Corp. by 91.5% in the first quarter. Loomis Sayles & Co. L P now owns 413,041 shares of the company’s stock valued at $20,797,000 after buying an additional 197,383 shares during the period. State Street Corp boosted its stake in Neogen Corp. by 3.2% in the first quarter. State Street Corp now owns 759,676 shares of the company’s stock valued at $38,252,000 after buying an additional 23,679 shares during the period. Finally, Huntington Asset Advisors Inc. bought a new stake in Neogen Corp. during the first quarter valued at about $1,142,000. 86.79% of the stock is owned by institutional investors.
Neogen Corp. Company Profile
Neogen Corporation develops, manufactures and markets a diverse line of products dedicated to food and animal safety. The Company has two segments: Food Safety and Animal Safety. The Food Safety segment is engaged in the development, production and marketing of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.
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