Shares of NewMarket Corporation (NYSE:NEU) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also given NewMarket Corporation an industry rank of 75 out of 265 based on the ratings given to its competitors.
NewMarket Corporation (NYSE NEU) traded up 0.20% during trading on Friday, reaching $466.51. The company had a trading volume of 61,038 shares. The firm has a 50-day moving average of $465.67 and a 200-day moving average of $444.70. NewMarket Corporation has a 1-year low of $385.66 and a 1-year high of $483.86. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 22.52 and a beta of 0.75.
NewMarket Corporation (NYSE:NEU) last announced its quarterly earnings data on Wednesday, April 26th. The specialty chemicals company reported $5.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.04 by $1.35. NewMarket Corporation had a return on equity of 51.17% and a net margin of 11.79%. The company had revenue of $542.80 million for the quarter, compared to analyst estimates of $509 million. During the same quarter in the previous year, the company earned $5.42 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts anticipate that NewMarket Corporation will post $20.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.50%. NewMarket Corporation’s payout ratio is 33.80%.
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In related news, insider Robert A. Shama sold 230 shares of NewMarket Corporation stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $458.60, for a total transaction of $105,478.00. Following the completion of the transaction, the insider now directly owns 1,850 shares in the company, valued at approximately $848,410. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.83% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE increased its position in shares of NewMarket Corporation by 2.5% in the first quarter. US Bancorp DE now owns 245 shares of the specialty chemicals company’s stock valued at $111,000 after buying an additional 6 shares in the last quarter. TrimTabs Asset Management LLC boosted its stake in shares of NewMarket Corporation by 88.3% in the first quarter. TrimTabs Asset Management LLC now owns 273 shares of the specialty chemicals company’s stock valued at $124,000 after buying an additional 128 shares in the last quarter. Tyers Asset Management LLC bought a new stake in shares of NewMarket Corporation during the fourth quarter valued at about $129,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of NewMarket Corporation by 38.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 335 shares of the specialty chemicals company’s stock valued at $152,000 after buying an additional 93 shares in the last quarter. Finally, Elkfork Partners LLC bought a new stake in shares of NewMarket Corporation during the fourth quarter valued at about $177,000. Hedge funds and other institutional investors own 56.62% of the company’s stock.
About NewMarket Corporation
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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