Neenah Inc (NYSE:NP) SVP Matthew L. Duncan sold 1,866 shares of the company’s stock in a transaction on Thursday, January 10th. The stock was sold at an average price of $65.00, for a total transaction of $121,290.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NYSE NP opened at $65.36 on Friday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 2.98 and a beta of 1.13. Neenah Inc has a 52 week low of $56.80 and a 52 week high of $96.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.20 and a current ratio of 2.24.
Neenah (NYSE:NP) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.30). The business had revenue of $256.00 million during the quarter, compared to analyst estimates of $270.25 million. Neenah had a net margin of 4.08% and a return on equity of 17.26%. Neenah’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 earnings per share. As a group, equities research analysts expect that Neenah Inc will post 3.61 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Neenah by 3.2% in the 3rd quarter. BlackRock Inc. now owns 2,417,091 shares of the basic materials company’s stock valued at $208,596,000 after acquiring an additional 75,105 shares during the last quarter. Vanguard Group Inc lifted its holdings in Neenah by 3.3% in the 3rd quarter. Vanguard Group Inc now owns 1,025,805 shares of the basic materials company’s stock valued at $88,527,000 after purchasing an additional 32,846 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Neenah by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,025,805 shares of the basic materials company’s stock valued at $88,527,000 after purchasing an additional 32,846 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Neenah by 9.3% in the 3rd quarter. Macquarie Group Ltd. now owns 904,688 shares of the basic materials company’s stock valued at $78,075,000 after purchasing an additional 76,716 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Neenah by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,050 shares of the basic materials company’s stock valued at $62,539,000 after purchasing an additional 6,797 shares in the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: “Matthew L. Duncan Sells 1,866 Shares of Neenah Inc (NP) Stock” was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4072259/matthew-l-duncan-sells-1866-shares-of-neenah-inc-np-stock.html.
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.
Read More: What is the NASDAQ?
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.