Mativ Holdings, Inc. $MATV Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in Mativ Holdings, Inc. (NYSE:MATV) by 7.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,282 shares of the company’s stock after selling 3,170 shares during the quarter. Voya Investment Management LLC owned about 0.07% of Mativ worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MATV. GAMMA Investing LLC lifted its holdings in shares of Mativ by 119.7% in the 1st quarter. GAMMA Investing LLC now owns 4,462 shares of the company’s stock worth $28,000 after acquiring an additional 2,431 shares during the last quarter. CWM LLC lifted its holdings in shares of Mativ by 707.7% in the 1st quarter. CWM LLC now owns 4,701 shares of the company’s stock worth $29,000 after acquiring an additional 4,119 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Mativ by 204.2% in the 1st quarter. US Bancorp DE now owns 5,677 shares of the company’s stock worth $35,000 after acquiring an additional 3,811 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Mativ in the 1st quarter worth approximately $64,000. Finally, FORA Capital LLC acquired a new position in shares of Mativ in the 1st quarter worth approximately $68,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Mativ Trading Down 1.7%

Shares of Mativ stock opened at $11.22 on Tuesday. The company has a fifty day simple moving average of $10.64 and a 200-day simple moving average of $7.67. Mativ Holdings, Inc. has a 12-month low of $4.34 and a 12-month high of $17.47. The company has a current ratio of 2.37, a quick ratio of 1.21 and a debt-to-equity ratio of 2.65. The stock has a market cap of $613.29 million, a price-to-earnings ratio of -1.34 and a beta of 0.82.

Mativ (NYSE:MATV) last issued its earnings results on Wednesday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.15. Mativ had a negative net margin of 23.09% and a positive return on equity of 4.12%. The business had revenue of $525.40 million during the quarter, compared to analysts’ expectations of $505.00 million. On average, equities analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were issued a $0.10 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.6%. Mativ’s dividend payout ratio is presently -4.79%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MATV shares. Zacks Research raised shares of Mativ to a “strong-buy” rating in a research note on Monday, August 11th. Wall Street Zen raised shares of Mativ from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average price target of $10.00.

Mativ Profile

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.