Neenah Inc (NP) VP Sells $312,600.00 in Stock

Neenah Inc (NYSE:NP) VP Larry Newton Brownlee sold 5,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $62.52, for a total value of $312,600.00. Following the completion of the transaction, the vice president now owns 17,246 shares of the company’s stock, valued at $1,078,219.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Friday, March 15th, Larry Newton Brownlee sold 453 shares of Neenah stock. The shares were sold at an average price of $63.50, for a total value of $28,765.50.

Neenah stock opened at $59.86 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.49 and a quick ratio of 1.31. Neenah Inc has a 52-week low of $56.80 and a 52-week high of $96.15. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 3.85 and a beta of 1.17.



Neenah (NYSE:NP) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Neenah had a return on equity of 13.71% and a net margin of 3.17%. The firm had revenue of $239.70 million during the quarter, compared to analyst estimates of $262.00 million. During the same period in the prior year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities analysts anticipate that Neenah Inc will post 3.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.80 annualized dividend and a yield of 3.01%. Neenah’s dividend payout ratio is currently 51.43%.

NP has been the subject of several recent analyst reports. Zacks Investment Research lowered Neenah from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. DA Davidson dropped their price objective on Neenah to $77.00 and set a “positive” rating for the company in a research note on Wednesday, February 13th.

A number of institutional investors have recently added to or reduced their stakes in NP. Bank of New York Mellon Corp grew its holdings in shares of Neenah by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 286,595 shares of the basic materials company’s stock worth $24,732,000 after purchasing an additional 14,662 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Neenah by 7.2% during the third quarter. Legal & General Group Plc now owns 39,460 shares of the basic materials company’s stock worth $3,398,000 after purchasing an additional 2,656 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Neenah by 3.3% during the third quarter. Vanguard Group Inc. now owns 1,025,805 shares of the basic materials company’s stock worth $88,527,000 after purchasing an additional 32,846 shares during the last quarter. Federated Investors Inc. PA bought a new stake in shares of Neenah during the third quarter worth $4,703,000. Finally, Vanguard Group Inc grew its holdings in shares of Neenah by 3.3% during the third quarter. Vanguard Group Inc now owns 1,025,805 shares of the basic materials company’s stock worth $88,527,000 after purchasing an additional 32,846 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

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Neenah Company Profile

Neenah, Inc produces and sells technical products, and fine paper and packaging products worldwide. Its Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes; and coated lightweight abrasive papers for automotive, construction, metal, and woodworking industries.

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

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