First Eagle Investment Management LLC Raises Stock Position in Mativ Holdings, Inc. (NYSE:MATV)

First Eagle Investment Management LLC lifted its stake in shares of Mativ Holdings, Inc. (NYSE:MATV) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 555,796 shares of the company’s stock after buying an additional 76,400 shares during the quarter. First Eagle Investment Management LLC owned about 1.02% of Mativ worth $6,058,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in shares of Mativ during the 3rd quarter worth approximately $35,000. KBC Group NV raised its position in Mativ by 93.2% in the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after purchasing an additional 2,309 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Mativ in the 3rd quarter valued at $82,000. FMR LLC raised its position in Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after purchasing an additional 4,098 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Mativ in the 3rd quarter valued at $146,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Stock Up 6.6 %

Shares of Mativ stock opened at $6.05 on Friday. The company has a market cap of $329.56 million, a P/E ratio of -6.72, a PEG ratio of 1.08 and a beta of 0.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40. Mativ Holdings, Inc. has a one year low of $5.10 and a one year high of $19.96. The firm has a fifty day moving average of $8.54 and a two-hundred day moving average of $12.66.

Mativ (NYSE:MATV) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 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 positive return on equity of 3.86% and a negative net margin of 2.46%. On average, analysts forecast that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.62%. Mativ’s dividend payout ratio is presently -44.44%.

Analysts Set New Price Targets

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 objective for the company.

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.