Mativ (NYSE:MATV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Mativ (NYSE:MATV) from a buy rating to a strong-buy rating in a research report released on Saturday.

Separately, Weiss Ratings raised Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Mativ Stock Performance

Shares of NYSE:MATV opened at $8.25 on Friday. The firm has a fifty day simple moving average of $7.99 and a two-hundred day simple moving average of $9.71. Mativ has a 52 week low of $6.17 and a 52 week high of $15.48. The company has a quick ratio of 1.12, a current ratio of 2.26 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $454.52 million, a P/E ratio of 6.15 and a beta of 0.89.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Mativ had a net margin of 3.86% and a return on equity of 11.77%. The firm had revenue of $479.60 million for the quarter, compared to analysts’ expectations of $486.90 million. On average, analysts expect that Mativ will post 0.85 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.40 annualized dividend and a dividend yield of 4.9%. Mativ’s dividend payout ratio is currently 29.85%.

Hedge Funds Weigh In On Mativ

A number of large investors have recently made changes to their positions in MATV. Millennium Management LLC grew its holdings in Mativ by 1,978.4% during the 1st quarter. Millennium Management LLC now owns 996,673 shares of the company’s stock valued at $6,209,000 after purchasing an additional 948,720 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Mativ by 116.9% during the third quarter. JPMorgan Chase & Co. now owns 1,222,212 shares of the company’s stock valued at $13,823,000 after buying an additional 658,748 shares during the period. UBS Group AG boosted its position in shares of Mativ by 144.9% during the third quarter. UBS Group AG now owns 688,273 shares of the company’s stock valued at $7,784,000 after buying an additional 407,275 shares during the period. Nomura Holdings Inc. bought a new position in shares of Mativ during the second quarter valued at approximately $2,450,000. Finally, Zacks Investment Management bought a new position in shares of Mativ during the third quarter valued at approximately $3,561,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.