NewMarket Co. (NYSE:NEU) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also given NewMarket an industry rank of 174 out of 265 based on the ratings given to related companies.
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Separately, TheStreet cut NewMarket from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th.
NewMarket stock traded down $3.88 during mid-day trading on Tuesday, reaching $370.77. 39,573 shares of the company were exchanged, compared to its average volume of 36,249. NewMarket has a twelve month low of $359.17 and a twelve month high of $478.84. The company has a current ratio of 2.93, a quick ratio of 1.60 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 19.74 and a beta of 0.74.
NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, April 25th. The specialty chemicals company reported $5.14 earnings per share for the quarter, missing analysts’ consensus estimates of $5.60 by ($0.46). NewMarket had a return on equity of 35.41% and a net margin of 8.34%. The company had revenue of $589.20 million for the quarter, compared to analyst estimates of $573.20 million. During the same period in the previous year, the business posted $5.39 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be given a dividend of $1.75 per share. The ex-dividend date is Thursday, June 14th. This represents a $7.00 dividend on an annualized basis and a yield of 1.89%.
In related news, Treasurer Cameron D. Warner acquired 264 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was bought at an average cost of $377.68 per share, with a total value of $99,707.52. Following the transaction, the treasurer now owns 762 shares of the company’s stock, valued at $287,792.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.91% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of NEU. Capital Analysts LLC raised its stake in shares of NewMarket by 6,961.7% during the 4th quarter. Capital Analysts LLC now owns 49,926 shares of the specialty chemicals company’s stock worth $2,088,000 after buying an additional 49,219 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of NewMarket by 19.6% during the 1st quarter. Neuberger Berman Group LLC now owns 177,630 shares of the specialty chemicals company’s stock worth $71,350,000 after buying an additional 29,104 shares in the last quarter. BlackRock Inc. raised its stake in shares of NewMarket by 3.3% during the 4th quarter. BlackRock Inc. now owns 749,685 shares of the specialty chemicals company’s stock worth $297,919,000 after buying an additional 24,128 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of NewMarket during the 4th quarter worth approximately $6,385,000. Finally, Wells Fargo & Company MN raised its stake in shares of NewMarket by 36.8% during the 1st quarter. Wells Fargo & Company MN now owns 47,774 shares of the specialty chemicals company’s stock worth $19,191,000 after buying an additional 12,859 shares in the last quarter. 55.71% of the stock is owned by institutional investors and hedge funds.
NewMarket Company Profile
NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.
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