Mativ (NYSE:MATV) Sets New 1-Year Low – What’s Next?

Mativ Holdings, Inc. (NYSE:MATV)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $9.44 and last traded at $9.49, with a volume of 369627 shares traded. The stock had previously closed at $9.92.

Wall Street Analysts Forecast Growth

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 target on the stock.

Mativ Trading Up 1.4 %

The firm has a market cap of $526.28 million, a P/E ratio of 4.94, a price-to-earnings-growth ratio of 1.38 and a beta of 0.68. The company’s fifty day moving average price is $11.41 and its two-hundred day moving average price is $14.99. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.05). The firm had revenue of $498.50 million for the quarter, compared to analyst estimates of $523.80 million. Mativ had a return on equity of 4.88% and a net margin of 5.44%. During the same period in the previous year, the business posted $0.21 EPS. As a group, sell-side analysts predict that Mativ Holdings, Inc. will post 0.6 EPS for the current fiscal year.

Mativ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Friday, November 29th. Mativ’s dividend payout ratio is currently 20.41%.

Institutional Investors Weigh In On Mativ

Hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV lifted its holdings in Mativ by 93.2% during the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock worth $52,000 after buying an additional 2,309 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Mativ by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 196,822 shares of the company’s stock worth $3,344,000 after acquiring an additional 60,930 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Mativ by 8.3% during the third quarter. Franklin Resources Inc. now owns 34,362 shares of the company’s stock valued at $574,000 after acquiring an additional 2,648 shares during the period. Virtu Financial LLC bought a new position in Mativ in the third quarter valued at about $338,000. Finally, Barclays PLC increased its position in Mativ by 227.5% in the third quarter. Barclays PLC now owns 102,836 shares of the company’s stock worth $1,748,000 after purchasing an additional 71,436 shares during the period. Institutional investors own 94.95% of the company’s stock.

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.