Mativ (NYSE:MATV) Hits New 1-Year Low – Here’s What Happened

Shares of Mativ Holdings, Inc. (NYSE:MATV) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.44 and last traded at $9.53, with a volume of 12958 shares trading hands. The stock had previously closed at $9.60.

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 objective on the stock.

Mativ Stock Performance

The stock has a 50 day moving average of $12.00 and a 200 day moving average of $15.34. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. The firm has a market cap of $536.30 million, a price-to-earnings ratio of 5.04, a P/E/G ratio of 3.32 and a beta of 0.68.

Mativ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Friday, November 29th. Mativ’s dividend payout ratio (DPR) is presently 20.41%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in Mativ by 0.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,037,011 shares of the company’s stock worth $68,589,000 after purchasing an additional 25,885 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mativ by 2.5% during the 2nd 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 during the last quarter. State Street Corp boosted its stake in Mativ by 0.5% in the third quarter. State Street Corp now owns 2,094,310 shares of the company’s stock valued at $35,582,000 after buying an additional 9,561 shares in the last quarter. Geode Capital Management LLC grew its position in Mativ by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,243,514 shares of the company’s stock valued at $21,132,000 after acquiring an additional 14,766 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Mativ by 4.8% during the third quarter. Royce & Associates LP now owns 864,684 shares of the company’s stock worth $14,691,000 after acquiring an additional 39,690 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

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.