Matthews International (NASDAQ:MATW) Stock Rating Lowered by lowered shares of Matthews International (NASDAQ:MATWFree Report) from a buy rating to a hold rating in a report published on Friday morning.

Separately, B. Riley lowered their price objective on Matthews International from $61.00 to $59.00 and set a buy rating for the company in a research report on Monday, February 5th.

View Our Latest Research Report on MATW

Matthews International Stock Performance

NASDAQ MATW opened at $29.85 on Friday. The stock has a market cap of $915.80 million, a price-to-earnings ratio of 28.16 and a beta of 1.14. The company has a quick ratio of 1.15, a current ratio of 1.88 and a debt-to-equity ratio of 1.69. Matthews International has a fifty-two week low of $27.95 and a fifty-two week high of $48.86. The business has a fifty day moving average of $34.43 and a 200-day moving average of $37.63.

Matthews International (NASDAQ:MATWGet Free Report) last announced its quarterly earnings data on Thursday, November 16th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $480.17 million during the quarter, compared to the consensus estimate of $483.00 million. Matthews International had a return on equity of 16.44% and a net margin of 1.77%. As a group, analysts predict that Matthews International will post 2.66 earnings per share for the current fiscal year.

Matthews International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 19th. Shareholders of record on Monday, February 5th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, February 2nd. This is an increase from Matthews International’s previous quarterly dividend of $0.13. Matthews International’s payout ratio is 90.57%.

Institutional Investors Weigh In On Matthews International

A number of institutional investors have recently added to or reduced their stakes in MATW. US Bancorp DE grew its position in Matthews International by 92.3% during the first quarter. US Bancorp DE now owns 854 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares during the period. Tower Research Capital LLC TRC grew its position in Matthews International by 97.7% during the first quarter. Tower Research Capital LLC TRC now owns 858 shares of the company’s stock valued at $31,000 after acquiring an additional 424 shares during the period. Cruiser Capital Advisors LLC purchased a new stake in Matthews International during the first quarter valued at about $32,000. Covestor Ltd grew its position in Matthews International by 15,914.3% during the third quarter. Covestor Ltd now owns 1,121 shares of the company’s stock valued at $43,000 after acquiring an additional 1,114 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in Matthews International during the second quarter valued at about $55,000. Hedge funds and other institutional investors own 76.40% of the company’s stock.

About Matthews International

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Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.

Further Reading

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