Shares of Neenah Inc (NYSE:NP) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $95.45 and last traded at $94.90, with a volume of 1064 shares trading hands. The stock had previously closed at $94.35.

NP has been the subject of several recent research reports. Zacks Investment Research cut Neenah from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. DA Davidson reiterated a “neutral” rating on shares of Neenah in a research report on Wednesday, August 8th. Finally, ValuEngine upgraded Neenah from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th.

The company has a quick ratio of 1.30, a current ratio of 2.42 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.58 billion, a PE ratio of 22.04, a PEG ratio of 4.45 and a beta of 1.07.

Neenah (NYSE:NP) last posted its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Neenah had a return on equity of 18.38% and a net margin of 4.78%. The firm had revenue of $271.30 million during the quarter, compared to analysts’ expectations of $275.50 million. analysts expect that Neenah Inc will post 4.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Friday, August 17th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 16th. Neenah’s payout ratio is currently 37.96%.

In other news, Director Sean T. Erwin sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $89.00, for a total value of $178,000.00. Following the completion of the sale, the director now owns 18,453 shares of the company’s stock, valued at approximately $1,642,317. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Larry Newton Brownlee sold 892 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $88.79, for a total value of $79,200.68. Following the completion of the sale, the vice president now directly owns 3,952 shares of the company’s stock, valued at approximately $350,898.08. The disclosure for this sale can be found here. Insiders sold a total of 5,224 shares of company stock valued at $467,967 over the last quarter. Company insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atwood & Palmer Inc. lifted its stake in shares of Neenah by 184.6% in the 2nd quarter. Atwood & Palmer Inc. now owns 1,423 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 923 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Neenah in the 2nd quarter valued at about $199,000. Everence Capital Management Inc. bought a new stake in shares of Neenah in the 2nd quarter valued at about $212,000. BB&T Securities LLC bought a new stake in shares of Neenah in the 2nd quarter valued at about $213,000. Finally, Amalgamated Bank bought a new stake in shares of Neenah in the 2nd quarter valued at about $226,000. 92.89% of the stock is owned by institutional investors.

Neenah Company Profile (NYSE:NP)

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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