Mativ (NYSE:MATV) Reaches New 12-Month Low – Here’s What Happened

Mativ Holdings, Inc. (NYSE:MATV)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $8.93 and last traded at $9.08, with a volume of 416511 shares trading hands. The stock had previously closed at $9.55.

Analyst Ratings Changes

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

Mativ Price Performance

The stock has a market capitalization of $493.19 million, a price-to-earnings ratio of 4.63, a PEG ratio of 1.38 and a beta of 0.66. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average of $11.00 and a two-hundred day moving average of $14.68.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The company had revenue of $498.50 million during the quarter, compared to analyst estimates of $523.80 million. Mativ had a net margin of 5.44% and a return on equity of 4.88%. During the same period in the prior year, the firm posted $0.21 EPS. As a group, equities research analysts forecast that Mativ Holdings, Inc. will post 0.6 earnings per share for the current year.

Mativ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 4.41%. Mativ’s payout ratio is 20.41%.

Hedge Funds Weigh In On Mativ

Several large investors have recently added to or reduced their stakes in MATV. nVerses Capital LLC purchased a new stake in Mativ during the third quarter valued at about $25,000. Point72 DIFC Ltd purchased a new stake in Mativ in the third quarter worth approximately $35,000. KBC Group NV boosted its holdings in Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company’s stock worth $52,000 after purchasing an additional 2,309 shares during the last quarter. Truvestments Capital LLC bought a new position in Mativ in the third quarter worth approximately $82,000. Finally, FMR LLC raised its position in shares of Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock valued at $131,000 after purchasing an additional 4,098 shares during the period. Institutional investors own 94.95% of the company’s stock.

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.