Neogen Corp. (NASDAQ:NEOG) VP Edward Bradley sold 21,600 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $61.16, for a total value of $1,321,056.00. Following the completion of the transaction, the vice president now owns 144,130 shares of the company’s stock, valued at approximately $8,814,990.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Neogen Corp. (NASDAQ:NEOG) opened at 62.95 on Friday. The stock’s 50 day moving average price is $55.54 and its 200 day moving average price is $55.01. The company has a market cap of $2.37 billion, a P/E ratio of 64.23 and a beta of 1.50. Neogen Corp. has a 1-year low of $43.79 and a 1-year high of $63.40.
Neogen Corp. (NASDAQ:NEOG) last announced its quarterly earnings data on Tuesday, September 27th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.26. The business earned $83.65 million during the quarter. Neogen Corp. had a return on equity of 9.36% and a net margin of 11.25%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, equities analysts anticipate that Neogen Corp. will post $1.12 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the company. Craig Hallum upgraded Neogen Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Zacks Investment Research upgraded Neogen Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $58.25.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Credit Suisse AG boosted its position in shares of Neogen Corp. by 44.7% in the third quarter. Credit Suisse AG now owns 44,921 shares of the company’s stock worth $2,512,000 after buying an additional 13,874 shares during the last quarter. Bell State Bank & Trust boosted its position in shares of Neogen Corp. by 3.7% in the third quarter. Bell State Bank & Trust now owns 4,681 shares of the company’s stock worth $262,000 after buying an additional 165 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Neogen Corp. during the third quarter worth about $916,000. The Manufacturers Life Insurance Company bought a new position in shares of Neogen Corp. during the third quarter worth about $1,399,000. Finally, HighTower Advisors LLC bought a new position in shares of Neogen Corp. during the third quarter worth about $208,000. Institutional investors and hedge funds own 86.09% of the company’s stock.
Neogen Corp. Company Profile