Neenah Inc (NP) SVP Matthew L. Duncan Sells 1,866 Shares

Neenah Inc (NYSE:NP) SVP Matthew L. Duncan sold 1,866 shares of Neenah stock in a transaction that occurred 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 Securities & Exchange Commission, which is accessible through the SEC website.

Neenah stock opened at $65.65 on Friday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 2.98 and a beta of 1.13. Neenah Inc has a 1-year low of $56.80 and a 1-year high of $96.15. The company has a quick ratio of 1.20, a current ratio of 2.24 and a debt-to-equity ratio of 0.62.

Neenah (NYSE:NP) last released its earnings results on Tuesday, November 6th. The basic materials company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.30). The business had revenue of $256.00 million during the quarter, compared to the consensus estimate of $270.25 million. Neenah had a net margin of 4.08% and a return on equity of 17.26%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business posted $1.02 EPS. On average, research analysts anticipate that Neenah Inc will post 3.61 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised 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 worth $208,596,000 after purchasing an additional 75,105 shares in the last quarter. Vanguard Group Inc. raised its stake 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 worth $88,527,000 after purchasing an additional 32,846 shares in the last quarter. Vanguard Group Inc raised its stake 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 worth $88,527,000 after purchasing an additional 32,846 shares in the last quarter. Macquarie Group Ltd. raised its stake in Neenah by 9.3% in the 3rd quarter. Macquarie Group Ltd. now owns 904,688 shares of the basic materials company’s stock worth $78,075,000 after purchasing an additional 76,716 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 worth $62,539,000 after purchasing an additional 6,797 shares in the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of Neenah from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research raised shares of Neenah from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, TheStreet lowered shares of Neenah from a “b-” rating to a “c+” rating in a research report on Tuesday, November 27th.

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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.

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