Empowered Funds LLC Acquires Shares of 281,893 Mativ Holdings, Inc. $MATV

Empowered Funds LLC bought a new position in shares of Mativ Holdings, Inc. (NYSE:MATV) in the 2nd quarter, Holdings Channel reports. The fund bought 281,893 shares of the company’s stock, valued at approximately $2,134,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MATV. BlackRock Inc. purchased a new stake in Mativ during the 2nd quarter valued at approximately $46,992,000. Allspring Global Investments Holdings LLC grew its position in Mativ by 3.5% in 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 buying an additional 138,938 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 buying an additional 194,225 shares during the period. Dimensional Fund Advisors LP raised its position in Mativ by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,317,550 shares of the company’s stock worth $20,162,000 after buying an additional 147,577 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Mativ by 11.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,787,617 shares of the company’s stock worth $21,720,000 after acquiring an additional 188,677 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Stock Performance

NYSE:MATV opened at $12.46 on Friday. Mativ Holdings, Inc. has a 1-year low of $7.07 and a 1-year high of $15.48. The firm has a 50 day simple moving average of $9.84 and a 200-day simple moving average of $9.37. 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 firm has a market cap of $686.80 million, a PE ratio of 7.89 and a beta of 0.93.

Mativ (NYSE:MATV) last announced 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. The company had revenue of $531.80 million during the quarter, compared to analysts’ expectations of $508.50 million. Mativ had a net margin of 4.50% and a return on equity of 13.53%. On average, equities analysts expect that Mativ Holdings, Inc. will post 0.97 EPS for the current year.

Mativ Dividend Announcement

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. This represents a $0.40 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 28th. Mativ’s payout ratio is currently 25.32%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Mativ from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded 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, Mativ currently has an average 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.