Matthews International Corp (NASDAQ:MATW) Director Tunon Alvaro Garcia bought 1,000 shares of the stock in a transaction on Monday, February 5th. The shares were bought at an average price of $52.00 per share, for a total transaction of $52,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Matthews International Corp (NASDAQ:MATW) traded up $0.10 on Wednesday, reaching $52.90. 37,687 shares of the company’s stock traded hands, compared to its average volume of 191,553. The company has a quick ratio of 1.48, a current ratio of 2.10 and a debt-to-equity ratio of 1.20. The company has a market cap of $1,674.32, a PE ratio of 14.44 and a beta of 1.11. Matthews International Corp has a 1-year low of $50.10 and a 1-year high of $72.60.
Matthews International (NASDAQ:MATW) last posted its earnings results on Thursday, January 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.06. The business had revenue of $369.50 million for the quarter, compared to analysts’ expectations of $355.84 million. Matthews International had a net margin of 6.46% and a return on equity of 15.09%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. research analysts forecast that Matthews International Corp will post 3.89 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Matthews International by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,105,791 shares of the company’s stock worth $190,229,000 after purchasing an additional 24,754 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Matthews International by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,263,962 shares of the company’s stock worth $78,682,000 after purchasing an additional 6,103 shares during the period. Clarkston Capital Partners LLC lifted its stake in shares of Matthews International by 2.2% in the 4th quarter. Clarkston Capital Partners LLC now owns 1,137,592 shares of the company’s stock worth $60,065,000 after purchasing an additional 24,708 shares during the period. Channing Capital Management LLC lifted its stake in shares of Matthews International by 12.7% in the 3rd quarter. Channing Capital Management LLC now owns 885,504 shares of the company’s stock worth $55,123,000 after purchasing an additional 99,837 shares during the period. Finally, State Street Corp lifted its stake in shares of Matthews International by 4.3% in the 2nd quarter. State Street Corp now owns 785,834 shares of the company’s stock worth $48,137,000 after purchasing an additional 32,125 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.
MATW has been the topic of several research analyst reports. BidaskClub cut shares of Matthews International from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. B. Riley restated a “buy” rating and set a $92.00 target price on shares of Matthews International in a research note on Monday, November 20th. Finally, ValuEngine cut shares of Matthews International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Matthews International currently has a consensus rating of “Hold” and a consensus target price of $83.50.
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Matthews International Company Profile
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).
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