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

Key Points

• Dimensional Fund Advisors increased its Mativ stake by 6.8% in the first quarter, bringing its holdings to 2.32 million shares valued at approximately $20.2 million, or 4.22% of the company. Institutional investors collectively own 94.95% of Mativ.
• Mativ reported quarterly EPS of $0.50, exceeding the $0.28 consensus estimate, while revenue of $531.8 million also surpassed expectations. Shares were trading at $11.71, up 22.4%.
• The company declared a quarterly dividend of $0.10, equal to an annualized $0.40 and a 3.4% yield. Despite recent analyst rating changes, the consensus rating remains “Reduce.”

Dimensional Fund Advisors LP increased its position in Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,317,550 shares of the company's stock after purchasing an additional 147,577 shares during the quarter. Dimensional Fund Advisors LP owned 4.22% of Mativ worth $20,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MATV. Millennium Management LLC lifted its holdings in Mativ by 1,978.4% in the 1st quarter. Millennium Management LLC now owns 996,673 shares of the company's stock worth $6,209,000 after buying an additional 948,720 shares in the last quarter. UBS Group AG increased its position in shares of Mativ by 144.9% during the third quarter. UBS Group AG now owns 688,273 shares of the company's stock worth $7,784,000 after acquiring an additional 407,275 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Mativ in the second quarter worth about $2,450,000. Zacks Investment Management acquired a new position in shares of Mativ in the third quarter worth about $3,561,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Mativ by 376.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 350,575 shares of the company's stock valued at $3,965,000 after purchasing an additional 277,021 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Wall Street Analyst Weigh In

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

Mativ Trading Up 22.4%

Shares of NYSE MATV opened at $11.71 on Friday. The stock's 50 day moving average price is $8.08 and its two-hundred day moving average price is $9.51. Mativ Holdings, Inc. has a 52-week low of $7.07 and a 52-week high of $15.48. The stock has a market capitalization of $645.62 million, a P/E ratio of 7.41 and a beta of 0.87. 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 - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.28 by $0.22. Mativ had a return on equity of 13.64% and a net margin of 4.50%.The company had revenue of $531.80 million during the quarter, compared to analyst estimates of $508.50 million. On average, analysts anticipate that Mativ Holdings, Inc. will post 0.85 earnings per share for the current fiscal year.

Mativ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, August 28th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 28th. Mativ's payout ratio is currently 29.85%.

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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