Shares of Neenah Inc (NYSE:NP) have received 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 recommendation.

Brokerages have set a 1 year consensus price target of $88.00 for the company and are anticipating that the company will post $1.00 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Neenah an industry rank of 43 out of 255 based on the ratings given to its competitors.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Neenah from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. 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.

In other Neenah news, SVP Armin Schwinn sold 1,556 shares of Neenah stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $90.23, for a total value of $140,397.88. Following the transaction, the senior vice president now owns 2,240 shares in the company, valued at $202,115.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Larry Newton Brownlee sold 278 shares of Neenah stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $91.90, for a total value of $25,548.20. Following the completion of the transaction, the vice president now owns 3,338 shares in the company, valued at approximately $306,762.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,224 shares of company stock worth $467,967. Company insiders own 2.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in NP. Atwood & Palmer Inc. boosted its stake in shares of Neenah by 184.6% during the second quarter. Atwood & Palmer Inc. now owns 1,423 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 923 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Neenah during the second quarter valued at about $199,000. Everence Capital Management Inc. acquired a new stake in shares of Neenah during the second quarter valued at about $212,000. BB&T Securities LLC acquired a new stake in shares of Neenah during the second quarter valued at about $213,000. Finally, Amalgamated Bank acquired a new stake in shares of Neenah during the second quarter valued at about $226,000. 92.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE NP traded up $1.75 during mid-day trading on Friday, reaching $95.60. The company had a trading volume of 96,900 shares, compared to its average volume of 76,916. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.30 and a current ratio of 2.42. Neenah has a one year low of $75.50 and a one year high of $95.90. The stock has a market capitalization of $1.58 billion, a P/E ratio of 22.16, a PEG ratio of 4.45 and a beta of 1.07.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Friday, August 17th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, August 16th. Neenah’s dividend payout ratio is presently 37.96%.

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.

Featured Article: What is a Fiduciary?

Get a free copy of the Zacks research report on Neenah (NP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Neenah Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neenah and related companies with MarketBeat.com's FREE daily email newsletter.