Mativ (NYSE:MATV) Earns Hold Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Mativ (NYSE:MATV) in a research note issued to investors on Thursday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $15.50 target price on the stock.

Mativ Price Performance

Shares of Mativ stock opened at $13.19 on Thursday. Mativ has a 1-year low of $10.78 and a 1-year high of $19.96. The firm has a fifty day simple moving average of $15.73 and a 200-day simple moving average of $16.93. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $716.69 million, a price-to-earnings ratio of 6.73, a PEG ratio of 3.53 and a beta of 0.70.

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Friday, November 29th. Mativ’s dividend payout ratio is currently 20.41%.

Institutional Trading of Mativ

Hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of Mativ during the third quarter worth approximately $25,000. Point72 DIFC Ltd acquired a new position in Mativ during the 3rd quarter valued at $35,000. Truvestments Capital LLC bought a new stake in Mativ in the 3rd quarter valued at $82,000. FMR LLC grew its position in Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock worth $131,000 after purchasing an additional 4,098 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Mativ during the 3rd quarter worth about $146,000. Institutional investors own 94.95% of the company’s stock.

About Mativ

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.