Neenah Inc (NP) VP Larry Newton Brownlee Sells 268 Shares

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Neenah Inc (NYSE:NP) VP Larry Newton Brownlee sold 268 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $83.95, for a total value of $22,498.60. Following the sale, the vice president now owns 3,328 shares of the company’s stock, valued at approximately $279,385.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Larry Newton Brownlee also recently made the following trade(s):

  • On Tuesday, May 15th, Larry Newton Brownlee sold 800 shares of Neenah stock. The stock was sold at an average price of $80.22, for a total value of $64,176.00.

Shares of Neenah traded up $0.10, hitting $84.20, during trading hours on Monday, Marketbeat reports. 14,860 shares of the company were exchanged, compared to its average volume of 71,520. Neenah Inc has a 1 year low of $75.50 and a 1 year high of $95.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.51 and a quick ratio of 1.32. The stock has a market capitalization of $1.41 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 3.80 and a beta of 1.26.

Neenah (NYSE:NP) last released its quarterly earnings results on Wednesday, May 9th. The basic materials company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.01. Neenah had a return on equity of 18.73% and a net margin of 7.86%. The business had revenue of $266.50 million during the quarter, compared to analysts’ expectations of $260.30 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. equities research analysts anticipate that Neenah Inc will post 4.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Friday, May 18th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, May 17th. Neenah’s dividend payout ratio is presently 37.96%.

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE grew its holdings in Neenah by 115.7% during the fourth quarter. US Bancorp DE now owns 1,152 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 618 shares during the period. Quadrature Capital Ltd acquired a new position in Neenah during the fourth quarter worth $200,000. Xact Kapitalforvaltning AB acquired a new position in Neenah during the fourth quarter worth $205,000. Amalgamated Bank acquired a new position in Neenah during the fourth quarter worth $220,000. Finally, Vident Investment Advisory LLC acquired a new position in Neenah during the fourth quarter worth $228,000. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research upgraded Neenah from a “sell” rating to a “hold” rating in a research note on Wednesday, April 25th.

About Neenah

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.

Insider Buying and Selling by Quarter for Neenah (NYSE:NP)

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