281,893 Shares in Mativ Holdings, Inc. $MATV Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 281,893 shares of Mativ Holdings in the second quarter, worth approximately $2.13 million and representing about 0.51% of the company. Institutional investors collectively own 94.95% of Mativ.
• Mativ reported quarterly EPS of $0.50, beating the $0.28 consensus estimate, while revenue of $531.8 million exceeded expectations of $508.5 million.
• The company declared a quarterly dividend of $0.10 per share, equivalent to $0.40 annually and a 3.2% yield. Analysts maintain a consensus “Hold” rating, although some ratings were recently upgraded.

Empowered Funds LLC bought a new stake in Mativ Holdings, Inc. (NYSE:MATV - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 281,893 shares of the company's stock, valued at approximately $2,134,000. Empowered Funds LLC owned approximately 0.51% of Mativ at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Sei Investments Co. grew its position in shares of Mativ by 67.2% during the first quarter. Sei Investments Co. now owns 347,940 shares of the company's stock worth $3,027,000 after buying an additional 139,822 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings 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 worth $35,661,000 after acquiring an additional 138,938 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Mativ by 5.5% in 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 last quarter. PDT Partners LLC acquired a new stake in shares of Mativ in the 2nd quarter valued at $1,530,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Mativ by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,317,550 shares of the company's stock valued at $20,162,000 after purchasing an additional 147,577 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Mativ Trading Down 0.2%

NYSE MATV opened at $12.46 on Friday. The firm's fifty day moving average price is $9.84 and its 200 day moving average price is $9.37. Mativ Holdings, Inc. has a 12 month low of $7.07 and a 12 month high of $15.48. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.98 and a quick ratio of 0.95. The company has a market capitalization of $686.80 million, a price-to-earnings ratio of 7.89 and a beta of 0.93.

Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.22. Mativ had a net margin of 4.50% and a return on equity of 13.53%. The company had revenue of $531.80 million during the quarter, compared to the consensus estimate of $508.50 million. On average, sell-side analysts expect that Mativ Holdings, Inc. will post 0.97 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 28th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, August 28th. Mativ's dividend payout ratio (DPR) is currently 25.32%.

Wall Street Analyst Weigh In

MATV has been the topic of several recent analyst reports. Wall Street Zen raised Mativ from a "buy" rating to a "strong-buy" rating in a report on Monday, August 10th. Weiss Ratings raised Mativ from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

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.

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