Mativ (NYSE:MATV) Sets New 1-Year Low – Time to Sell?

Mativ Holdings, Inc. (NYSE:MATV) shares hit 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.

Analyst Upgrades and Downgrades

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

Mativ Price Performance

The business’s 50 day simple moving average is $11.62 and its 200-day simple moving average is $15.16. The stock has a market capitalization of $515.69 million, a price-to-earnings ratio of 4.84, a P/E/G ratio of 1.39 and a beta of 0.68. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31.

Mativ (NYSE:MATV) last issued its earnings results on Wednesday, November 6th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The business 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 business posted $0.21 EPS. On average, research analysts forecast that Mativ Holdings, Inc. will post 0.6 earnings per share for the current year.

Mativ Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Versor Investments LP acquired a new position in Mativ in the 3rd quarter valued at approximately $567,000. Barclays PLC grew its stake in shares of 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 last quarter. JPMorgan Chase & Co. increased its holdings in Mativ by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 196,822 shares of the company’s stock valued at $3,344,000 after purchasing an additional 60,930 shares during the period. PDT Partners LLC acquired a new position in Mativ during the 3rd quarter worth about $817,000. Finally, Franklin Resources Inc. grew its position in shares of Mativ by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 34,362 shares of the company’s stock valued at $574,000 after buying an additional 2,648 shares during the last quarter. 94.95% of the stock is currently 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.