Mativ Target of Unusually Large Options Trading (NYSE:MATV)

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 17,846 call options on the company. This is an increase of approximately 700% compared to the average volume of 2,230 call options.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Mativ

A number of hedge funds have recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Mativ by 0.5% during 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 during the last quarter. American Century Companies Inc. raised its holdings in Mativ by 20.2% during the fourth quarter. American Century Companies Inc. now owns 1,507,418 shares of the company's stock worth $16,431,000 after purchasing an additional 253,365 shares in the last quarter. Geode Capital Management LLC raised its holdings in Mativ by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,247,900 shares of the company's stock worth $13,606,000 after purchasing an additional 4,386 shares in the last quarter. Royce & Associates LP raised its holdings in Mativ by 26.1% during the fourth quarter. Royce & Associates LP now owns 1,090,774 shares of the company's stock worth $11,889,000 after purchasing an additional 226,090 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Mativ by 62.8% during the fourth quarter. Invesco Ltd. now owns 943,771 shares of the company's stock worth $10,287,000 after purchasing an additional 364,117 shares in the last quarter. Institutional investors own 94.95% of the company's stock.

Remove Ads

Mativ Stock Performance

NYSE MATV traded up $0.38 during trading hours on Friday, reaching $6.05. The company's stock had a trading volume of 1,775,486 shares, compared to its average volume of 437,524. The company has a current ratio of 2.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.28. The business has a 50-day simple moving average of $8.54 and a 200 day simple moving average of $12.66. Mativ has a 52 week low of $5.10 and a 52 week high of $19.96. The stock has a market cap of $329.56 million, a PE ratio of -6.72, a PEG ratio of 1.08 and a beta of 0.72.

Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.17). The business had revenue of $458.60 million for the quarter, compared to the consensus estimate of $472.70 million. Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. Equities research analysts predict that Mativ will post 1.15 earnings per share for the current fiscal year.

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.62%. Mativ's dividend payout ratio (DPR) is presently -44.44%.

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.