Mativ Holdings, Inc. $MATV Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Mativ Holdings, Inc. (NYSE:MATV) by 6.8% in the first quarter, HoldingsChannel.com reports. The fund owned 2,317,550 shares of the company’s stock after buying an additional 147,577 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Mativ were worth $20,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Deprince Race & Zollo Inc. raised its position in shares of 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 purchasing an additional 57,421 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Mativ by 3.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,089,594 shares of the company’s stock valued at $35,661,000 after purchasing an additional 138,938 shares during the period. Vanguard Group Inc. boosted its position in Mativ by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 3,738,809 shares of the company’s stock valued at $45,427,000 after purchasing an additional 194,225 shares during the period. Massachusetts Financial Services Co. MA grew its stake 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 buying an additional 254,012 shares during the last quarter. Finally, Aristeia Capital L.L.C. acquired a new stake in Mativ in the fourth quarter worth $951,000. 94.95% of the stock is owned by institutional investors.

Mativ Price Performance

Shares of NYSE MATV opened at $11.71 on Friday. Mativ Holdings, Inc. has a fifty-two week low of $7.07 and a fifty-two week high of $15.48. The firm’s 50-day simple moving average is $8.08 and its 200 day simple moving average is $9.51. The company has a quick ratio of 1.12, a current ratio of 2.26 and a debt-to-equity ratio of 2.22. The stock has a market cap of $645.62 million, a P/E ratio of 7.41 and a beta of 0.87.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.28 by $0.22. The firm had revenue of $531.80 million for the quarter, compared to analysts’ expectations of $508.50 million. Mativ had a net margin of 4.50% and a return on equity of 13.64%. Equities analysts expect that Mativ Holdings, Inc. will post 0.85 EPS for the current year.

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 28th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.40 annualized dividend and a yield of 3.4%. Mativ’s payout ratio is presently 29.85%.

Analyst Ratings Changes

MATV has been the topic of a number of recent research reports. Wall Street Zen cut Mativ from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Weiss Ratings upgraded shares of Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mativ presently has a consensus rating of “Reduce”.

Mativ 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.