Mativ Holdings, Inc. (NYSE:MATV) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in Mativ Holdings, Inc. (NYSE:MATV) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 270,460 shares of the company’s stock after acquiring an additional 7,476 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of Mativ worth $2,948,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in shares of Mativ in the third quarter worth approximately $35,000. KBC Group NV lifted its position in Mativ by 93.2% during the fourth quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after buying an additional 2,309 shares in the last quarter. Truvestments Capital LLC acquired a new position in Mativ during the third quarter valued at approximately $82,000. FMR LLC lifted its position in Mativ by 113.3% during the third quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after buying an additional 4,098 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Mativ during the third quarter valued at approximately $146,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stifel Nicolaus began coverage on shares of Mativ in a research report on Thursday, November 21st. They set a “hold” rating and a $15.50 price target on the stock.

Mativ Trading Up 2.9 %

MATV opened at $6.15 on Wednesday. The firm has a market capitalization of $333.89 million, a P/E ratio of -6.83, a P/E/G ratio of 1.08 and a beta of 0.66. The firm’s 50 day moving average is $9.34 and its 200-day moving average is $13.36. Mativ Holdings, Inc. has a 52-week low of $5.74 and a 52-week high of $19.96. The company has a quick ratio of 1.29, a current ratio of 2.40 and a debt-to-equity ratio of 1.28.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The firm had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million. Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. Analysts expect that Mativ Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.51%. Mativ’s dividend payout ratio is currently -44.44%.

Mativ Company 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.