Mativ Holdings, Inc. (NYSE:MATV) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Mativ Holdings, Inc. (NYSE:MATV) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,984 shares of the company’s stock after selling 11,881 shares during the quarter. Principal Financial Group Inc. owned about 0.48% of Mativ worth $4,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Versor Investments LP acquired a new stake in Mativ in the third quarter worth about $567,000. PDT Partners LLC purchased a new position in shares of Mativ in the 3rd quarter valued at approximately $817,000. AQR Capital Management LLC acquired a new stake in Mativ in the 2nd quarter worth approximately $778,000. First Eagle Investment Management LLC grew its position in Mativ by 9.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 447,104 shares of the company’s stock worth $7,583,000 after purchasing an additional 38,500 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Mativ during the 3rd quarter valued at approximately $1,158,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Mativ Stock Down 1.7 %

Shares of MATV stock opened at $10.72 on Friday. Mativ Holdings, Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $19.96. The firm has a market capitalization of $582.48 million, a PE ratio of 5.47, a P/E/G ratio of 3.32 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. The stock’s 50-day simple moving average is $12.90 and its 200-day simple moving average is $15.75.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Friday, November 29th. Mativ’s dividend payout ratio is presently 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.