Thrivent Financial for Lutherans Has $725,000 Stake in Mativ Holdings, Inc. (NYSE:MATV)

Thrivent Financial for Lutherans cut its stake in shares of Mativ Holdings, Inc. (NYSE:MATV) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,662 shares of the company’s stock after selling 2,434 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Mativ worth $725,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MATV. American Century Companies Inc. lifted its stake in shares of Mativ by 67.2% in the second quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock worth $12,719,000 after acquiring an additional 301,488 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of 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 buying an additional 176,600 shares during the period. Dimensional Fund Advisors LP raised its stake in Mativ by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock worth $36,546,000 after buying an additional 52,858 shares during the last quarter. Rothschild Investment LLC acquired a new position in Mativ in the second quarter valued at $869,000. Finally, AQR Capital Management LLC bought a new stake in Mativ during the second quarter valued at $778,000. Institutional investors own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus began coverage on Mativ in a research note on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective on the stock.

Mativ Price Performance

Mativ stock opened at $12.74 on Wednesday. The stock’s 50 day moving average price is $15.04 and its two-hundred day moving average price is $16.68. The stock has a market capitalization of $692.02 million, a price-to-earnings ratio of 6.50, a PEG ratio of 3.71 and a beta of 0.64. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37. Mativ Holdings, Inc. has a 52-week low of $10.78 and a 52-week high of $19.96.

Mativ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Friday, November 29th. Mativ’s payout ratio is 20.41%.

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.