Texas Permanent School Fund Corp Increases Stake in Mativ Holdings, Inc. (NYSE:MATV)

Texas Permanent School Fund Corp. raised its stake in shares of Mativ Holdings, Inc. (NYSE:MATV – Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the SEC. The company owned 47,176 shares of the company after purchasing an additional 688 shares during the period. Texas Permanent School Fund Corp. owned about 0.09% of Mativ worth $885,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MATV recently. Wellington Management Group LLP increased its position in Mativ by 3.8% in the 4th quarter. Wellington Management Group LLP now owns 3,583,501 shares of the company’s stock worth $54,863,000 after purchasing an additional 130,362 shares during the period. First Eagle Investment Management LLC increased its position in Mativ by 70.2% in the 4th quarter. First Eagle Investment Management LLC now owns 317,412 shares of the company’s stock worth $4,860,000 after purchasing an additional 130,912 shares during the period. Goldman Sachs Group Inc. increased its position in Mativ by 579.7% in the 4th quarter. Goldman Sachs Group Inc. BNP Paribas Financial Markets Inc. now owns 1,713,790 shares of the company’s stock worth $26,238,000 after purchasing an additional 1,461,640 shares during the period. BNP Paribas Financial Markets increased its position in Mativ by 425.6% in the 1st quarter. BNP Paribas Financial Markets now owns 139,984 shares of the company’s stock worth $2,625,000 after purchasing an additional 113,350 shares during the period. Finally, Vanguard Group Inc. increased its position in Mativ by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,522,582 shares of the company’s stock worth $93,012,000 after purchasing an additional 56,774 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Stock Return

Shares of MATV opened at $17.12 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.54 and a debt-to-equity ratio of 1.29. Mativ Holdings, Inc. has a 52-week low of $10.78 and a 52-week high of $19.34. The stock has a market cap of $929.96 million, a PE ratio of -2.83, a P/E/G ratio of 2.84 and a beta of 0.70. The company has a 50-day moving average of $17.21 and a 200-day moving average of $16.38.

Mativ (NYSE:MATV – Get Free Report) last released its quarterly earnings results on Wednesday, May 8. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.23). Mativ had a negative net margin of 15.56% and a positive return on equity of 5.79%. The company had revenue of $500.20 million during the quarter, compared to analysts’ expectations of $492.10 million. On average, research analysts predict that Mativ Holdings, Inc. will post 1 EPS for the current fiscal year.

Mativ announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 24th were paid a dividend of $0.10. The ex-dividend date for this dividend was Thursday, May 23rd. This represents an annualized dividend of $0.40 and a dividend yield of 2.34%. Mativ’s payout ratio is -6.62%.

Mativ Company Profile

(Free Report)

Mativ Holdings, Inc., together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, Asia Pacific, the Americas and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. Advanced Technical Materials manufactures and sells various engineered polymers, resin- and fiber-based substrates, nets, films, tapes and other nonwovens for the filtration, protective solutions, release liners and healthcare end markets.

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