Texas Permanent School Fund Takes $770,000 Position in Mativ Holdings, Inc. (NYSE:MATV)

Texas Permanent School Fund acquired a new stake in shares of Mativ Holdings, Inc. (NYSE:MATV – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,846 shares of the company’s stock, valued at approximately $770,000. Texas Permanent School Fund owned about 0.07% of Mativ at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Mativ during the fourth quarter valued at about $84,798,000. Mayflower Financial Advisors LLC purchased a new position in shares of Mativ during the fourth quarter valued at about $6,295,000. Rice Hall James & Associates LLC purchased a new position in shares of Mativ during the fourth quarter valued at about $4,922,000. Barnett & Company Inc. purchased a new position in shares of Mativ during the fourth quarter valued at about $2,820,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Mativ during the fourth quarter valued at about $2,494,000. 89.53% of the stock is owned by institutional investors.

Mativ Stock Performance

Shares of NYSE MATV opened at $16.95 on Wednesday. Mativ Holdings, Inc. has a 1 year low of $16.10 and a 1 year high of $28.99. The company has a current ratio of 2.15, a quick ratio of 0.98 and a debt-to-equity ratio of 1.48. The company’s 50-day moving average is $20.24 and its 200 day moving average is $22.25.

Mativ (NYSE:MATV – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.08). The business had revenue of $660.10 million during the quarter, compared to analysts’ expectations of $679.30 million. Mativ had a positive return on equity of 10.79% and a negative net margin of 0.66%. On average, analysts anticipate that Mativ Holdings, Inc. will post 2.28 EPS for the current fiscal year.

Mativ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, May 26th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date is Thursday, May 25th. Mativ’s dividend payout ratio (DPR) is presently -941.12%.

Mativ Company Profile

(Get Rating)

Mativ Holdings, Inc engages in the provision of components and engineered solutions. It operates through the Advanced Technical Materials and Fiber-Based Solutions segments. The Advanced Technical Materials segment consists of five non-reporting business units: Filtration, Protective Solutions, Release Liners, Healthcare, and Industrials, which deliver solutions that filter & purify air and liquids, support adhesive, and protective applications.