Mativ (NYSE:MATV) Now Covered by Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Mativ (NYSE:MATV) in a report published on Thursday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $15.50 price target on the stock.

Mativ Stock Performance

Shares of NYSE MATV opened at $13.19 on Thursday. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average is $15.73 and its two-hundred day moving average is $16.92. The company has a market cap of $716.69 million, a P/E ratio of 6.73, a P/E/G ratio of 3.53 and a beta of 0.70. Mativ has a 12 month low of $10.78 and a 12 month high of $19.96.

Mativ Dividend Announcement

The firm also recently declared 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. This represents a $0.40 annualized dividend and a yield of 3.03%. The ex-dividend date is Friday, November 29th. Mativ’s dividend payout ratio is currently 20.41%.

Institutional Inflows and Outflows

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