Mativ Holdings, Inc. $MATV Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Mativ Holdings, Inc. (NYSE:MATV) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,738,809 shares of the company’s stock after acquiring an additional 194,225 shares during the period. Vanguard Group Inc. owned about 6.84% of Mativ worth $45,427,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Mativ during the 4th quarter worth $730,000. Deprince Race & Zollo Inc. grew its holdings in Mativ by 14.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 453,965 shares of the company’s stock worth $5,516,000 after acquiring an additional 57,421 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Mativ by 305.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 337,113 shares of the company’s stock worth $4,096,000 after acquiring an additional 254,012 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Mativ by 2.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,950,656 shares of the company’s stock worth $46,697,000 after acquiring an additional 105,582 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Mativ by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 29,091 shares of the company’s stock worth $353,000 after acquiring an additional 8,939 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MATV has been the subject of several research reports. Weiss Ratings raised shares of Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of Mativ from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mativ has a consensus rating of “Reduce”.

Mativ Price Performance

MATV opened at $8.19 on Friday. The firm has a market cap of $451.27 million, a price-to-earnings ratio of 6.11 and a beta of 0.89. Mativ Holdings, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $15.48. The company’s 50-day moving average price is $8.96 and its 200 day moving average price is $11.21. The company has a quick ratio of 1.12, a current ratio of 2.26 and a debt-to-equity ratio of 2.22.

Mativ (NYSE:MATV) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $479.60 million for the quarter, compared to analyst estimates of $486.90 million. Mativ had a net margin of 3.86% and a return on equity of 11.77%. As a group, sell-side analysts expect that Mativ Holdings, Inc. will post 0.85 earnings per share for the current year.

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, May 29th will be given a $0.10 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 4.9%. Mativ’s dividend payout ratio (DPR) is currently 29.85%.

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.