Matthews InternationalMATW
About: Matthews International Corp is a personal services company that primarily provides brand solution services, memorialization products, and industrial products in the United States and Europe. The majority of Matthews' revenue is derived from its SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools to the consumer packaged goods and packaging industries. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to the cemetery and funeral home industries, also contributes a significant amount. Most of Matthews' revenue is generated from sales made in the U.S., while European customers also contribute a sizable percentage.
Employees: 12,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
12% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 26
2% more funds holding
Funds holding: 164 [Q1] → 167 (+3) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
2.04% less ownership
Funds ownership: 83.64% [Q1] → 81.6% (-2.04%) [Q2]
15% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 59
21% less capital invested
Capital invested by funds: $798M [Q1] → $628M (-$170M) [Q2]
75% less call options, than puts
Call options by funds: $103K | Put options by funds: $408K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
B. Riley Securities Liam Burke 38% 1-year accuracy 3 / 8 met price target | 77%upside $40 | Buy Maintained | 26 Sept 2024 |