Mativ (NYSE:MATV) Reaches New 1-Year Low - What's Next?

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company 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.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus began coverage on Mativ in a report on Thursday, November 21st. They set a "hold" rating and a $15.50 target price on the stock.

Mativ Trading Up 0.6 %

The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37. The business has a fifty day simple moving average of $11.30 and a 200 day simple moving average of $14.89. The company has a market cap of $516.23 million, a P/E ratio of 4.85, a P/E/G ratio of 1.38 and a beta of 0.68.

Mativ (NYSE:MATV - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.05). Mativ had a return on equity of 4.88% and a net margin of 5.44%. The firm had revenue of $498.50 million for the quarter, compared to the consensus estimate of $523.80 million. During the same period in the prior year, the business earned $0.21 EPS. Analysts anticipate that Mativ Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

Mativ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a 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

Hedge funds have recently modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of Mativ during the 3rd quarter worth $25,000. Point72 DIFC Ltd bought a new stake in shares of Mativ during the 3rd quarter worth $35,000. KBC Group NV boosted its stake in shares of Mativ by 93.2% during the 4th quarter. KBC Group NV now owns 4,787 shares of the company's stock worth $52,000 after acquiring an additional 2,309 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Mativ in the third quarter worth $82,000. Finally, FMR LLC boosted its position in shares of Mativ by 113.3% in the third quarter. FMR LLC now owns 7,716 shares of the company's stock worth $131,000 after buying an additional 4,098 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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