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

Mativ Holdings, Inc. (NYSE:MATV) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $9.21 and last traded at $9.55, with a volume of 66056 shares trading hands. The stock had previously closed at $9.44.

Analysts Set New Price Targets

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

Mativ Trading Up 0.6 %

The company has a fifty day simple moving average of $11.30 and a two-hundred day simple moving average of $14.89. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29. The company has a market capitalization of $516.23 million, a P/E ratio of 4.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.68.

Mativ (NYSE:MATV) last posted its earnings results 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). Mativ had a net margin of 5.44% and a return on equity of 4.88%. The company had revenue of $498.50 million for the quarter, compared to the consensus estimate of $523.80 million. During the same quarter last year, the business earned $0.21 earnings per share. On average, analysts forecast that Mativ Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Mativ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 4.21%. Mativ’s dividend payout ratio (DPR) is currently 20.41%.

Hedge Funds Weigh In On Mativ

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position 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 in the last quarter. Renaissance Technologies LLC acquired a new stake in Mativ during the second quarter valued at approximately $185,000. Hsbc Holdings PLC acquired a new stake in Mativ during the second quarter valued at approximately $447,000. Sei Investments Co. boosted its holdings in Mativ by 25.2% during the second quarter. Sei Investments Co. now owns 88,739 shares of the company’s stock valued at $1,505,000 after purchasing an additional 17,847 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Mativ during the second quarter valued at approximately $778,000. 94.95% of the stock is currently owned by institutional investors.

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.