Mayflower Financial Advisors LLC Purchases 19,721 Shares of Mativ Holdings, Inc. $MATV

Mayflower Financial Advisors LLC raised its position in Mativ Holdings, Inc. (NYSE:MATV) by 5.5% in the 2nd quarter, Holdings Channel reports. The firm owned 377,821 shares of the company’s stock after buying an additional 19,721 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Mativ were worth $2,577,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Mativ by 119.7% in the 1st quarter. GAMMA Investing LLC now owns 4,462 shares of the company’s stock valued at $28,000 after purchasing an additional 2,431 shares during the period. CWM LLC boosted its holdings in Mativ by 707.7% in the 1st quarter. CWM LLC now owns 4,701 shares of the company’s stock valued at $29,000 after purchasing an additional 4,119 shares during the period. US Bancorp DE boosted its holdings in Mativ by 204.2% in the 1st quarter. US Bancorp DE now owns 5,677 shares of the company’s stock valued at $35,000 after purchasing an additional 3,811 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Mativ by 186.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,448 shares of the company’s stock valued at $64,000 after purchasing an additional 6,146 shares during the period. Finally, FORA Capital LLC bought a new position in Mativ in the 1st quarter valued at $68,000. 94.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

MATV has been the subject of several analyst reports. Zacks Research downgraded shares of Mativ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mativ in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Mativ from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.00.

Mativ Stock Performance

Mativ stock opened at $11.02 on Wednesday. The firm has a fifty day simple moving average of $11.64 and a two-hundred day simple moving average of $8.42. The company has a quick ratio of 1.21, a current ratio of 2.37 and a debt-to-equity ratio of 2.65. Mativ Holdings, Inc. has a twelve month low of $4.34 and a twelve month high of $17.47. The company has a market capitalization of $602.19 million, a PE ratio of -1.32 and a beta of 0.83.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, August 6th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. Mativ had a positive return on equity of 4.12% and a negative net margin of 23.09%.The company had revenue of $525.40 million during the quarter, compared to analyst estimates of $505.00 million. Research analysts expect that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, August 29th. Mativ’s dividend payout ratio is currently -4.79%.

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.