State Street Corp Acquires 9,561 Shares of Mativ Holdings, Inc. (NYSE:MATV)

State Street Corp lifted its holdings in shares of Mativ Holdings, Inc. (NYSE:MATV) by 0.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,094,310 shares of the company’s stock after acquiring an additional 9,561 shares during the period. State Street Corp’s holdings in Mativ were worth $35,582,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. nVerses Capital LLC bought a new position in Mativ during the third quarter worth about $25,000. Point72 DIFC Ltd acquired a new position in shares of Mativ in the 3rd quarter worth approximately $35,000. Truvestments Capital LLC bought a new position in shares of Mativ during the 3rd quarter worth approximately $82,000. FMR LLC boosted its stake in Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after buying an additional 4,098 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Mativ in the third quarter valued at $146,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Mativ Stock Performance

MATV stock opened at $11.46 on Friday. The company has a 50 day moving average price of $13.86 and a 200 day moving average price of $16.13. Mativ Holdings, Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $19.96. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29. The stock has a market capitalization of $622.69 million, a PE ratio of 5.85, a price-to-earnings-growth ratio of 3.32 and a beta of 0.64.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, November 29th. Mativ’s dividend payout ratio (DPR) is currently 20.41%.

Mativ 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.