Mativ Target of Unusually Large Options Trading (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV) was the recipient of unusually large options trading activity on Friday. Stock traders bought 3,998 call options on the company. This is an increase of 84% compared to the typical volume of 2,168 call options.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus started coverage on shares of Mativ in a research note on Thursday, November 21st. They set a “hold” rating and a $15.50 price target for the company.

Mativ Price Performance

MATV stock opened at $11.95 on Friday. The stock has a market cap of $649.32 million, a PE ratio of 6.10, a P/E/G ratio of 3.29 and a beta of 0.64. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31. Mativ has a 12 month low of $10.78 and a 12 month high of $19.96. The company has a 50-day moving average price of $14.32 and a 200 day moving average price of $16.33.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 3.35%. Mativ’s dividend payout ratio (DPR) is 20.41%.

Institutional Investors Weigh In On Mativ

Several large investors have recently added to or reduced their stakes in MATV. Price T Rowe Associates Inc. MD boosted its position in Mativ by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,556 shares of the company’s stock valued at $292,000 after buying an additional 2,273 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Mativ by 12.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,544,028 shares of the company’s stock valued at $26,187,000 after purchasing an additional 176,600 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Mativ in the 2nd quarter valued at about $869,000. Natixis Advisors LLC raised its holdings in shares of Mativ by 2.8% in the 2nd quarter. Natixis Advisors LLC now owns 291,100 shares of the company’s stock valued at $4,937,000 after purchasing an additional 7,853 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in shares of Mativ by 32.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 62,607 shares of the company’s stock valued at $1,062,000 after purchasing an additional 15,431 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Company Profile

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.