Mativ Holdings, Inc. (NYSE:MATV) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 33.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,442 shares of the company’s stock after purchasing an additional 7,403 shares during the quarter. Intech Investment Management LLC’s holdings in Mativ were worth $500,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MATV. Allspring Global Investments Holdings LLC increased its holdings in Mativ by 0.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,037,011 shares of the company’s stock valued at $68,589,000 after purchasing an additional 25,885 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Mativ by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock valued at $36,546,000 after buying an additional 52,858 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Mativ by 12.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,544,028 shares of the company’s stock worth $26,187,000 after purchasing an additional 176,600 shares during the last quarter. Royce & Associates LP grew its position in shares of Mativ by 4.8% in the 3rd quarter. Royce & Associates LP now owns 864,684 shares of the company’s stock valued at $14,691,000 after buying an additional 39,690 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Mativ by 67.2% in the 2nd quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock valued at $12,719,000 after purchasing an additional 301,488 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Mativ Stock Down 2.8 %

Shares of NYSE MATV opened at $13.15 on Monday. The stock has a market capitalization of $714.57 million, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 3.65 and a beta of 0.70. 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 firm has a 50-day moving average price of $15.21 and a 200 day moving average price of $16.76. Mativ Holdings, Inc. has a 52 week low of $10.78 and a 52 week high of $19.96.

Mativ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 3.04%. Mativ’s dividend payout ratio (DPR) is currently 20.41%.

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.