5 Russell 2000 Basic Materials Dividend Stocks To Buy

4. Neenah, Inc. (NYSE: NP)

Number of Hedge Fund Holders: 12
Dividend Yield: 3.8%

Neenah, Inc. (NYSE: NP) is a specialty materials company working to produce performance-based technical products and fine paper alongside packaging products for sale across the globe. The company ranks 4th on our list of Russell 2000 basic materials dividend stocks.

Christopher McGinnis, an analyst at Sidoti, upgraded shares of Neenah, Inc. (NYSE: NP) this July from Neutral to Buy. The analyst also holds a $64 price target on the company’s shares.

In the second quarter of 2021, Neenah, Inc. (NYSE: NP) had an EPS of $0.65, beating estimates by $0.02. The company’s revenue of $269.30 million was up 66.85% year over year and beat estimates by $. Neenah, Inc. (NYSE: NP) has gained 1.15% in the past year.

By the end of the first quarter of 2021, 12 hedge funds out of the 866 tracked by Insider Monkey held stakes in Neenah, Inc. (NYSE: NP) worth roughly $22.4 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $10.9 million.