BlackRock Inc. Makes New Investment in Mativ Holdings, Inc. $MATV

Key Points

• BlackRock acquired 6.21 million Mativ shares worth approximately $47 million, giving it an 11.26% stake. Institutional investors collectively own 94.95% of the company.
• Mativ reported quarterly earnings of $0.50 per share, exceeding analyst estimates of $0.28, while revenue of $531.8 million also surpassed expectations.
• The company declared a quarterly dividend of $0.10 per share, equivalent to $0.40 annually and a 3.4% yield. Analysts maintain a consensus “Hold” rating.

BlackRock Inc. purchased a new position in Mativ Holdings, Inc. (NYSE:MATV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,207,666 shares of the company's stock, valued at approximately $46,992,000. BlackRock Inc. owned approximately 11.26% of Mativ as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Rockefeller Capital Management L.P. boosted its position in Mativ by 1,082.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company's stock valued at $29,000 after buying an additional 2,164 shares during the last quarter. Advisory Services Network LLC purchased a new position in Mativ during the 3rd quarter worth approximately $30,000. California State Teachers Retirement System raised its position in Mativ by 167.2% during the 4th quarter. California State Teachers Retirement System now owns 3,327 shares of the company's stock worth $40,000 after buying an additional 2,082 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Mativ by 26.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,961 shares of the company's stock valued at $48,000 after acquiring an additional 818 shares during the period. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in Mativ during the 4th quarter valued at approximately $77,000. Hedge funds and other institutional investors own 94.95% of the company's stock.

Mativ Price Performance

Shares of NYSE MATV opened at $11.92 on Tuesday. The firm has a 50-day simple moving average of $9.58 and a 200-day simple moving average of $9.42. The stock has a market capitalization of $657.03 million, a price-to-earnings ratio of 7.54 and a beta of 0.87. The company has a quick ratio of 0.95, a current ratio of 1.98 and a debt-to-equity ratio of 2.09. Mativ Holdings, Inc. has a 52 week low of $7.07 and a 52 week high of $15.48.

Mativ (NYSE:MATV - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.22. The firm had revenue of $531.80 million for the quarter, compared to analyst estimates of $508.50 million. Mativ had a net margin of 4.50% and a return on equity of 13.53%. On average, equities analysts predict that Mativ Holdings, Inc. will post 0.97 earnings per share for the current fiscal year.

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 28th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.4%. Mativ's dividend payout ratio is currently 25.32%.

Analysts Set New Price Targets

Several research analysts recently weighed in on MATV shares. Wall Street Zen upgraded Mativ from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 10th. Weiss Ratings raised shares of Mativ from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Mativ has a consensus rating of "Hold".

About Mativ

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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