Mativ Holdings, Inc. (NYSE:MATV) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in Mativ Holdings, Inc. (NYSE:MATV) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,362 shares of the company’s stock after purchasing an additional 2,648 shares during the period. Franklin Resources Inc. owned approximately 0.06% of Mativ worth $574,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MATV. Versor Investments LP acquired a new stake in Mativ in the third quarter valued at about $567,000. PDT Partners LLC purchased a new position in shares of Mativ during the 3rd quarter worth approximately $817,000. AQR Capital Management LLC acquired a new stake in shares of Mativ in the 2nd quarter valued at approximately $778,000. First Eagle Investment Management LLC boosted its stake in shares of Mativ by 9.4% in the second quarter. First Eagle Investment Management LLC now owns 447,104 shares of the company’s stock valued at $7,583,000 after buying an additional 38,500 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Mativ during the third quarter worth $1,158,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Analysts Set New Price Targets

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

Mativ Stock Down 1.2 %

Shares of NYSE MATV opened at $10.85 on Tuesday. 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 $13.19 and a 200 day moving average price of $15.86. Mativ Holdings, Inc. has a 52 week low of $10.69 and a 52 week high of $19.96. The stock has a market capitalization of $589.55 million, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 3.32 and a beta of 0.64.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Friday, November 29th. Mativ’s dividend payout ratio 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.