Mativ (NYSE:MATV) Hits New 1-Year Low – Should You Sell?

Mativ Holdings, Inc. (NYSE:MATV) shares reached a new 52-week low during mid-day trading on Wednesday . The stock 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.

Analyst Upgrades and Downgrades

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

Mativ Stock Down 0.8 %

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 business’s 50 day moving average price is $11.17 and its 200 day moving average price is $14.82. The firm has a market cap of $516.77 million, a PE ratio of 4.85, a PEG ratio of 1.39 and a beta of 0.68.

Mativ (NYSE:MATV) last released 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 firm had revenue of $498.50 million during the quarter, compared to analysts’ expectations of $523.80 million. During the same quarter last year, the business earned $0.21 EPS. On average, equities research analysts expect that Mativ Holdings, Inc. will post 0.6 earnings per share for the current year.

Mativ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, November 29th. Mativ’s dividend payout ratio is currently 20.41%.

Hedge Funds Weigh In On Mativ

A number of institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in Mativ in the third quarter valued at approximately $25,000. Rhumbline Advisers lifted its stake in shares of Mativ by 1.0% in the 4th quarter. Rhumbline Advisers now owns 169,976 shares of the company’s stock valued at $1,853,000 after purchasing an additional 1,649 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Mativ during the 3rd quarter worth $35,000. Creative Planning raised its holdings in Mativ by 17.6% in the 3rd quarter. Creative Planning now owns 15,330 shares of the company’s stock valued at $260,000 after buying an additional 2,295 shares during the period. Finally, KBC Group NV lifted its position in Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after buying an additional 2,309 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.