Matthews InternationalMATW
MATW
About: Matthews International Corp is a personal services company that 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 an important amount. Maximum amount of Matthews' revenue is generated from sales made in the North America, while European customers also contribute a sizable percentage.
Employees: 11,000
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
1.9% less ownership
Funds ownership: 82.8% [Q2] → 80.9% (-1.9%) [Q3]
6% less funds holding
Funds holding: 168 [Q2] → 158 (-10) [Q3]
10% less capital invested
Capital invested by funds: $637M [Q2] → $574M (-$62.7M) [Q3]
15% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 59
33% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 30
99% less call options, than puts
Call options by funds: $39K | Put options by funds: $4.14M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$40
45%
upside
Avg. target
$40
45%
upside
High target
$40
45%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
B. Riley Securities Liam Burke 33% 1-year accuracy 4 / 12 met price target | 45%upside $40 | Buy Maintained | 26 Sept 2024 |
Financial journalist opinion
Based on 12 articles about MATW published over the past 30 days
Neutral
PRNewsWire
2 days ago
Barington Capital Group Files Preliminary Proxy Statement For Nomination of Ana Amicarella, Chan Galbato and James Mitarotonda for Election to the Matthews International Board of Directors
Nominations Follow Years of Stock Price Underperformance, Unacceptable Capital Allocation, Poor Execution, and Excessive Spending at Matthews Believes Director Candidates Have the Skills, Experience, and Commitment to Shareholders Required to Enhance Long-Term Value Calls for a New, Credible CEO and a Refreshed, Declassified Board Committed to Holding Management Accountable NEW YORK , Dec. 19, 2024 /PRNewswire/ -- Barington Capital Group, L.P. ("Barington Capital") and certain of its affiliates (collectively "Barington" or "we"), a fundamental, value-oriented activist investor that beneficially owns approximately 2% of the outstanding common stock of Matthews International Corporation (NASDAQ: MATW) ("Matthews" or the "Company"), today announced that it has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission in connection with its nomination of Ana B.
Positive
Zacks Investment Research
1 week ago
Are Investors Undervaluing Matthews International (MATW) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
GlobeNewsWire
1 week ago
Matthews International Responds to Barington Capital and Affirms Board and Management's Focus on Driving Long-Term Value Creation
PITTSBURGH, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) today issued the following statement in response to the recent statement and nomination notice the Company has received from Barington Capital Group (“Barington”):
Neutral
PRNewsWire
1 week ago
BARINGTON CAPITAL GROUP SENDS LETTER TO CHAIRMAN OF THE BOARD OF MATTHEWS INTERNATIONAL HIGHLIGHTING URGENT NEED FOR NEW LEADERSHIP
Calls for Prompt Replacement of CEO Joseph C. Bartolacci Following 18 Years of Unacceptable Capital Allocation, Dismal Share Price Performance, Poor Execution and Excessive Spending Believes Company Must Also Reduce Indebtedness, Explore Options to Divest Underperforming Businesses and Improve Corporate Governance to Unlock Trapped Value Nominates Three Directors with Strong Boardroom Skills and Experience as Well as Proven Track Records of Creating Long-Term Value for Shareholders NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Barington Capital Group, L.P.
Neutral
Zacks Investment Research
3 weeks ago
The Zacks Analyst Blog Matthews International, ZIM Integrated Shipping, Quanta Services and Orange County Bancorp
Matthews International, ZIM Integrated Shipping, Quanta Services and Orange County Bancorpare included in this Analyst Blog.
Positive
Seeking Alpha
3 weeks ago
14 Upcoming Dividend Increases, Including A King
Happy Thanksgiving! Enjoy the holiday season and dividend raises. Fourteen companies increased dividends this week, with Lancaster Colony extending its 62-year streak by 5.6%. The average dividend increase is 5.5%, and McDonald's will become a dividend king next year with a 49-year streak. My strategy involves buying, holding, and adding to companies that consistently increase dividends and beat benchmarks, using data from U.S. Dividend Champions and NASDAQ.
Neutral
Zacks Investment Research
3 weeks ago
4 Stocks to Keep an Eye On Following Recently Declared Dividend Hikes
MATW, ZIM, PWR and OBT recently announced dividend hikes.
Positive
Zacks Investment Research
3 weeks ago
Should Value Investors Buy Matthews International (MATW) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Seeking Alpha
4 weeks ago
Matthews International: Signs Of Deleveraging And Margin Improvement
Matthews International Corporation reported strong earnings, with cost control and deleveraging progress, despite issues in the EV market and marketing limitations for battery technology. The launch of new products like the laser product and Acxiom, along with cost reductions, are expected to drive future growth and profitability in 2025. Memorialization business showed margin improvement and EBITDA growth, benefiting from inventory costing dynamics and cost-cutting measures, despite sales declines.
Positive
Zacks Investment Research
4 weeks ago
Matthews International Q4 Earnings Beat Estimates, Revenues Down Y/Y
MATW's fourth-quarter performance is impacted by ongoing customer delays in its energy business, but its cost reduction program is showing strong progress.
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