Neenah Inc (NYSE:NP) VP Larry Newton Brownlee sold 454 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $79.51, for a total value of $36,097.54. Following the transaction, the vice president now owns 3,514 shares in the company, valued at approximately $279,398.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Neenah Inc (NYSE NP) traded up $0.65 on Friday, hitting $80.50. The stock had a trading volume of 83,672 shares, compared to its average volume of 89,930. Neenah Inc has a one year low of $72.35 and a one year high of $95.40. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.14 and a current ratio of 2.29. The company has a market cap of $1,359.08, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 3.60 and a beta of 1.29.
Neenah (NYSE:NP) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.15. Neenah had a return on equity of 19.49% and a net margin of 8.19%. The company had revenue of $244.00 million for the quarter, compared to analyst estimates of $233.85 million. During the same quarter last year, the company posted $1.10 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities analysts expect that Neenah Inc will post 4.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a $0.41 dividend. This is a positive change from Neenah’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, February 15th. This represents a $1.64 annualized dividend and a dividend yield of 2.04%. Neenah’s dividend payout ratio (DPR) is presently 34.97%.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Neenah by 4.1% during the 4th quarter. BlackRock Inc. now owns 2,134,590 shares of the basic materials company’s stock valued at $193,501,000 after acquiring an additional 84,247 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Neenah by 8.0% during the 4th quarter. Wells Fargo & Company MN now owns 939,147 shares of the basic materials company’s stock valued at $85,134,000 after acquiring an additional 69,579 shares in the last quarter. Standard Life Aberdeen plc boosted its holdings in shares of Neenah by 63.1% during the 4th quarter. Standard Life Aberdeen plc now owns 774,967 shares of the basic materials company’s stock valued at $70,251,000 after acquiring an additional 299,938 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Neenah by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 714,174 shares of the basic materials company’s stock valued at $61,098,000 after acquiring an additional 7,164 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Neenah by 7.7% during the 4th quarter. Macquarie Group Ltd. now owns 705,779 shares of the basic materials company’s stock valued at $63,979,000 after acquiring an additional 50,240 shares in the last quarter. Institutional investors own 91.79% of the company’s stock.
Separately, Zacks Investment Research lowered Neenah from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th.
COPYRIGHT VIOLATION NOTICE: “Neenah Inc (NP) VP Larry Newton Brownlee Sells 454 Shares” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3255787/neenah-inc-np-vp-larry-newton-brownlee-sells-454-shares.html.
Neenah Company Profile
Neenah, Inc, formerly Neenah Paper, Inc, is a materials company focused in niche markets. The Company has two primary businesses: technical products, and fine paper and packaging. The technical products business is an international producer of transportation, water and other filtration media, digital transfer materials, tape and abrasive backings, labels and other performance-oriented substrates.
Receive News & Ratings for Neenah Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neenah and related companies with MarketBeat.com's FREE daily email newsletter.