Neenah Inc (NYSE:NP) CFO Purchases $297,780.00 in Stock

Neenah Inc (NYSE:NP) CFO Paul F. Desantis purchased 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $49.63 per share, with a total value of $297,780.00.

Shares of NYSE NP traded up $0.23 during trading on Friday, reaching $49.83. The company had a trading volume of 28,571 shares, compared to its average volume of 172,815. Neenah Inc has a 52 week low of $33.44 and a 52 week high of $77.55. The business’s 50 day moving average price is $44.95 and its 200-day moving average price is $59.76. The stock has a market cap of $839.57 million, a PE ratio of 14.05 and a beta of 1.42. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.90 and a current ratio of 3.08.

Neenah (NYSE:NP) last issued its quarterly earnings results on Friday, May 8th. The basic materials company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.20. Neenah had a net margin of 6.43% and a return on equity of 16.26%. The business had revenue of $233.60 million during the quarter. During the same period in the prior year, the business earned $0.69 EPS. Equities analysts anticipate that Neenah Inc will post 2.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.77%. Neenah’s payout ratio is currently 54.18%.

Several analysts have recently weighed in on NP shares. DA Davidson dropped their price objective on shares of Neenah to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Zacks Investment Research cut Neenah from a “hold” rating to a “sell” rating in a report on Tuesday, May 12th. Finally, ValuEngine raised Neenah from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd.

Institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new stake in shares of Neenah during the fourth quarter worth approximately $25,000. FDx Advisors Inc. bought a new stake in shares of Neenah during the 1st quarter valued at $26,000. Squar Milner Financial Services LLC lifted its stake in shares of Neenah by 171.5% in the 4th quarter. Squar Milner Financial Services LLC now owns 429 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 271 shares during the period. Fieldpoint Private Securities LLC boosted its position in shares of Neenah by 120.3% in the 4th quarter. Fieldpoint Private Securities LLC now owns 630 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 344 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Neenah by 67.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,463 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 589 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

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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