Mativ Holdings, Inc. (NYSE:MATV) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Mativ Holdings, Inc. (NYSE:MATVFree Report) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,075,282 shares of the company’s stock after buying an additional 221,204 shares during the quarter. Allspring Global Investments Holdings LLC owned 7.45% of Mativ worth $58,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MATV. Rockefeller Capital Management L.P. acquired a new position in shares of Mativ in the 4th quarter valued at about $42,000. PNC Financial Services Group Inc. purchased a new position in shares of Mativ in the 4th quarter valued at about $51,000. Public Employees Retirement System of Ohio purchased a new position in shares of Mativ in the 4th quarter valued at about $56,000. Metropolitan Life Insurance Co NY purchased a new position in shares of Mativ in the 4th quarter valued at about $67,000. Finally, KBC Group NV purchased a new position in shares of Mativ in the 2nd quarter valued at about $70,000. Institutional investors and hedge funds own 91.35% of the company’s stock.

Mativ Price Performance

NYSE:MATV opened at $13.09 on Friday. Mativ Holdings, Inc. has a 12 month low of $11.60 and a 12 month high of $28.99. The stock has a 50 day moving average of $13.71 and a two-hundred day moving average of $14.74. The company has a current ratio of 2.27, a quick ratio of 1.36 and a debt-to-equity ratio of 2.56.

Mativ (NYSE:MATVGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.07 by $0.14. Mativ had a positive return on equity of 8.10% and a negative net margin of 18.55%. The company had revenue of $498.20 million during the quarter, compared to analyst estimates of $548.20 million. 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 was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 3.06%. Mativ’s dividend payout ratio (DPR) is currently -4.70%.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered Mativ from a “c-” rating to a “d” rating in a research note on Thursday, November 9th.

View Our Latest Analysis on Mativ

About Mativ

(Free Report)

Mativ Holdings, Inc operates as a performance materials company. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials segment manufactures and sells polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens.

See Also

Want to see what other hedge funds are holding MATV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mativ Holdings, Inc. (NYSE:MATVFree Report).

Institutional Ownership by Quarter for Mativ (NYSE:MATV)

Receive News & Ratings for Mativ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mativ and related companies with MarketBeat.com's FREE daily email newsletter.