Texas Permanent School Fund Corp Acquires 15,431 Shares of Mativ Holdings, Inc. (NYSE:MATV)

Texas Permanent School Fund Corp grew its stake in shares of Mativ Holdings, Inc. (NYSE:MATV) by 32.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 62,607 shares of the company’s stock after buying an additional 15,431 shares during the period. Texas Permanent School Fund Corp’s holdings in Mativ were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in MATV. Quadrant Capital Group LLC grew its stake in Mativ by 93.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,385 shares of the company’s stock valued at $37,000 after acquiring an additional 1,154 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in Mativ in the 1st quarter worth approximately $108,000. PNC Financial Services Group Inc. boosted its holdings in Mativ by 18.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,254 shares of the company’s stock valued at $126,000 after purchasing an additional 1,314 shares during the period. GAMMA Investing LLC grew its position in shares of Mativ by 12.2% during the 1st quarter. GAMMA Investing LLC now owns 7,402 shares of the company’s stock valued at $139,000 after purchasing an additional 803 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Mativ by 5.9% in the first quarter. ProShare Advisors LLC now owns 10,837 shares of the company’s stock worth $203,000 after purchasing an additional 607 shares during the period. 94.95% of the stock is owned by institutional investors.

Mativ Trading Down 5.1 %

Shares of MATV stock opened at $18.01 on Friday. Mativ Holdings, Inc. has a 52-week low of $10.78 and a 52-week high of $19.96. The business’s fifty day moving average is $17.90 and its 200 day moving average is $17.75. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.33 and a current ratio of 2.46. The company has a market capitalization of $978.36 million, a PE ratio of -2.98, a price-to-earnings-growth ratio of 3.81 and a beta of 0.70.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. Mativ had a positive return on equity of 5.19% and a negative net margin of 16.55%. The firm had revenue of $523.80 million for the quarter, compared to analysts’ expectations of $526.50 million. During the same quarter last year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that Mativ Holdings, Inc. will post 0.82 EPS for the current fiscal year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were paid a $0.10 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.22%. Mativ’s dividend payout ratio is presently -6.62%.

About Mativ

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