Professional
Added to YB: 2024-07-17
Pitch date: 2024-06-30
NEU [bullish]
NewMarket Corporation
+48.27%
current return
Author Info
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Company Info
NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives.
Market Cap
$7.8B
Pitch Price
$507.43
Price Target
N/A
Dividend
1.33%
EV/EBITDA
10.77
P/E
16.41
EV/Sales
3.11
Sector
Chemicals
Category
special_situation
Show full summary:
Cove Street Capital Portfolio Holding: NewMarket Corporation
NEU: Lubricant margins rebounded to pre-Covid levels, driving stock gains. Acquired AMPAC, leading N. American maker of solid rocket motor additives for space/defense. Position reduced but still long-term hold. Core business strong, new acquisition adds diversification in critical industry.
Read full article (1 min)