Principal Financial Group Inc. Has $4.43 Million Stake in Mativ Holdings, Inc. (NYSE:MATV)

Principal Financial Group Inc. decreased its position in shares of Mativ Holdings, Inc. (NYSE:MATVFree Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 289,450 shares of the company’s stock after selling 12,602 shares during the quarter. Principal Financial Group Inc.’s holdings in Mativ were worth $4,431,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MATV. Cooper Creek Partners Management LLC bought a new position in Mativ during the 3rd quarter worth $11,783,000. Wellington Management Group LLP raised its position in Mativ by 23.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,453,139 shares of the company’s stock worth $49,242,000 after purchasing an additional 665,352 shares during the last quarter. Rubric Capital Management LP raised its position in Mativ by 16.4% during the 3rd quarter. Rubric Capital Management LP now owns 4,000,000 shares of the company’s stock worth $57,040,000 after purchasing an additional 562,422 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Mativ during the 3rd quarter worth $2,659,000. Finally, Tejara Capital Ltd bought a new position in Mativ during the 3rd quarter worth $2,354,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Mativ Stock Up 4.3 %

Shares of NYSE:MATV opened at $18.39 on Friday. The firm has a market cap of $998.94 million, a P/E ratio of -3.04, a P/E/G ratio of 3.07 and a beta of 0.75. The company has a quick ratio of 1.40, a current ratio of 2.54 and a debt-to-equity ratio of 1.29. Mativ Holdings, Inc. has a 12-month low of $10.78 and a 12-month high of $19.34. The business has a fifty day simple moving average of $18.15 and a 200 day simple moving average of $15.57.

Mativ (NYSE:MATVGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.23). Mativ had a positive return on equity of 5.79% and a negative net margin of 15.56%. The company had revenue of $500.20 million for the quarter, compared to the consensus estimate of $492.10 million. Analysts predict that Mativ Holdings, Inc. will post 1 earnings per share for the current year.

Mativ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, May 23rd. Mativ’s dividend payout ratio (DPR) is presently -6.62%.

About Mativ

(Free Report)

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.

Recommended Stories

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.