Russell Investments Group Ltd. grew its holdings in Neenah Inc (NYSE:NP) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,104 shares of the basic materials company’s stock after purchasing an additional 4,666 shares during the quarter. Russell Investments Group Ltd.’s holdings in Neenah were worth $6,084,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of NP. Signaturefd LLC raised its holdings in shares of Neenah by 51.4% in the 2nd quarter. Signaturefd LLC now owns 477 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 162 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Neenah by 12.1% in the 2nd quarter. Advisor Group Inc. now owns 1,978 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 214 shares in the last quarter. First Interstate Bank raised its holdings in shares of Neenah by 18.5% in the 2nd quarter. First Interstate Bank now owns 2,092 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 326 shares in the last quarter. Bremer Bank National Association bought a new stake in shares of Neenah in the 1st quarter valued at about $142,000. Finally, Parallel Advisors LLC raised its holdings in shares of Neenah by 32.4% in the 2nd quarter. Parallel Advisors LLC now owns 2,191 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 536 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.
Shares of NYSE NP traded up $1.31 during trading hours on Friday, hitting $68.42. 1,551 shares of the stock were exchanged, compared to its average volume of 76,224. The company has a quick ratio of 1.28, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.11 billion, a PE ratio of 19.63 and a beta of 1.29. The firm has a fifty day moving average price of $64.74 and a 200-day moving average price of $64.25. Neenah Inc has a 12 month low of $56.67 and a 12 month high of $96.15.
Neenah (NYSE:NP) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $253.40 million during the quarter, compared to analyst estimates of $261.47 million. Neenah had a net margin of 5.09% and a return on equity of 12.58%. Neenah’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.18 EPS. As a group, equities analysts anticipate that Neenah Inc will post 3.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 2.63%. Neenah’s dividend payout ratio (DPR) is presently 51.43%.
In related news, CEO John P. O’donnell sold 20,394 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $67.67, for a total transaction of $1,380,061.98. Following the completion of the transaction, the chief executive officer now owns 83,521 shares in the company, valued at approximately $5,651,866.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Larry Newton Brownlee sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $67.67, for a total transaction of $338,350.00. Following the transaction, the vice president now owns 12,246 shares in the company, valued at approximately $828,686.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,317 shares of company stock valued at $3,572,519. 1.60% of the stock is currently owned by company insiders.
Several research firms have recently commented on NP. ValuEngine upgraded shares of Neenah from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Neenah from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Tuesday, August 13th.
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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