Neenah Inc (NYSE:NP) – Investment analysts at DA Davidson increased their FY2020 EPS estimates for shares of Neenah in a research report issued on Monday, March 9th. DA Davidson analyst S. Chercover now anticipates that the basic materials company will earn $3.71 per share for the year, up from their prior estimate of $3.53. DA Davidson currently has a “Buy” rating and a $70.00 price target on the stock.
Several other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Neenah from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. TheStreet raised shares of Neenah from a “c+” rating to a “b-” rating in a report on Wednesday, November 27th. Finally, ValuEngine raised shares of Neenah from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd.
Shares of NP opened at $49.89 on Wednesday. Neenah has a 12 month low of $49.01 and a 12 month high of $77.55. The firm’s 50 day moving average is $64.62 and its 200-day moving average is $66.50. The stock has a market capitalization of $946.02 million, a PE ratio of 15.35 and a beta of 1.33. The company has a current ratio of 2.52, a quick ratio of 1.29 and a debt-to-equity ratio of 0.52.
Neenah (NYSE:NP) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Neenah had a net margin of 5.90% and a return on equity of 14.64%. The company had revenue of $213.60 million for the quarter, compared to analysts’ expectations of $223.00 million. During the same period last year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was down 11.3% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 14th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.77%. This is a boost from Neenah’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 13th. Neenah’s dividend payout ratio (DPR) is 54.18%.
In related news, CEO John P. O’donnell sold 15,229 shares of Neenah stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $68.01, for a total value of $1,035,724.29. Following the transaction, the chief executive officer now directly owns 30,379 shares of the company’s stock, valued at $2,066,075.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John P. O’donnell sold 7,728 shares of Neenah stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $69.71, for a total transaction of $538,718.88. Following the completion of the transaction, the chief executive officer now directly owns 69,248 shares in the company, valued at $4,827,278.08. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new position in Neenah in the fourth quarter valued at approximately $25,000. Squar Milner Financial Services LLC boosted its position in Neenah by 171.5% in the fourth quarter. Squar Milner Financial Services LLC now owns 429 shares of the basic materials company’s stock valued at $30,000 after buying an additional 271 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Neenah in the third quarter valued at approximately $40,000. Fieldpoint Private Securities LLC boosted its position in Neenah by 120.3% in the fourth quarter. Fieldpoint Private Securities LLC now owns 630 shares of the basic materials company’s stock valued at $44,000 after buying an additional 344 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Neenah by 67.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,463 shares of the basic materials company’s stock valued at $103,000 after buying an additional 589 shares in the last quarter. 92.62% of the stock is currently owned by institutional investors and hedge funds.
About Neenah
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.