Thrivent Financial for Lutherans Invests $1.49 Million in Mativ Holdings, Inc. (NYSE:MATV)

Thrivent Financial for Lutherans bought a new stake in Mativ Holdings, Inc. (NYSE:MATV – Get Rating) in the fourth quarter, Holdings Channel.com reports. The firm bought 71,262 shares of the company’s stock, valued at approximately $1,489,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in Mativ during the 4th quarter valued at about $84,798,000. Boston Partners acquired a new position in shares of Mativ during the 4th quarter worth approximately $28,097,000. Russell Investments Group Ltd. purchased a new stake in shares of Mativ in the fourth quarter valued at approximately $16,788,000. Mayflower Financial Advisors LLC purchased a new stake in shares of Mativ in the fourth quarter valued at approximately $6,295,000. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Mativ in the fourth quarter valued at approximately $4,922,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

Mativ Stock Performance

NYSE MATV opened at $17.75 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.15 and a quick ratio of 0.98. The stock’s fifty day moving average is $19.83 and its two-hundred day moving average is $22.13. Mativ Holdings, Inc. has a fifty-two week low of $16.10 and a fifty-two week high of $28.99.

Mativ (NYSE:MATV – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.08). Mativ had a negative net margin of 0.66% and a positive return on equity of 10.79%. The firm had revenue of $660.10 million for the quarter, compared to analyst estimates of $679.30 million. Equities analysts forecast that Mativ Holdings, Inc. will post 1.8 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, May 26th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $1.60 annualized dividend and a dividend yield of 9.01%. Mativ’s dividend payout ratio (DPR) is -941.12%.

About Mativ

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Mativ Holdings, Inc engages in the provision of components and engineered solutions. It operates through the Advanced Technical Materials and Fiber-Based Solutions segments. The Advanced Technical Materials segment consists of five non-reporting business units: Filtration, Protective Solutions, Release Liners, Healthcare, and Industrials, which deliver solutions that filter & purify air and liquids, support adhesive, and protective applications.