Mativ (NYSE:MATV) Shares Down 8.9% – What’s Next?

Mativ Holdings, Inc. (NYSE:MATV) traded down 8.9% during mid-day trading on Friday. The stock traded as low as $11.50 and last traded at $11.2560. Approximately 230,918 shares were traded during trading, a decline of 50% from the average daily volume of 463,336 shares. The stock had previously closed at $12.36.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings upgraded Mativ from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Wall Street Zen raised Mativ from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Mativ currently has an average rating of “Hold”.

Mativ Stock Down 8.5%

The company has a debt-to-equity ratio of 2.09, a current ratio of 1.98 and a quick ratio of 0.95. The stock has a market capitalization of $623.65 million, a PE ratio of 6.98 and a beta of 0.93. The company has a 50 day moving average price of $11.90 and a 200-day moving average price of $10.29.

Mativ (NYSE:MATV) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06. The company had revenue of $499.50 million during the quarter, compared to analyst estimates of $510.00 million. Mativ had a return on equity of 12.09% and a net margin of 4.64%. As a group, analysts forecast that Mativ Holdings, Inc. will post 0.97 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, November 27th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 27th. This represents a $0.40 annualized dividend and a yield of 3.5%. Mativ’s dividend payout ratio is 24.84%.

Institutional Investors Weigh In On Mativ

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Mativ during the 2nd quarter valued at $46,992,000. Allspring Global Investments Holdings LLC boosted its stake in Mativ by 3.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,089,594 shares of the company’s stock valued at $35,661,000 after purchasing an additional 138,938 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mativ by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,317,550 shares of the company’s stock valued at $20,162,000 after buying an additional 147,577 shares during the last quarter. Bank of America Corp DE lifted its position in Mativ by 9.9% during the first quarter. Bank of America Corp DE now owns 586,036 shares of the company’s stock valued at $5,099,000 after purchasing an additional 52,830 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Mativ by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 491,368 shares of the company’s stock valued at $4,275,000 after buying an additional 1,311 shares during the period. 94.95% of the stock is currently owned by institutional investors.

About Mativ

Mativ Inc (NYSE: MATV) is a global manufacturer of specialty materials and engineered solutions. The company develops and produces materials used in filtration, healthcare, hygiene, food and beverage, industrial, packaging, and other specialized applications.

Its products include filtration media and components, engineered papers and nonwoven materials, release liners, protective and medical materials, and other performance-oriented substrates. Mativ’s solutions are designed to provide properties such as filtration, barrier protection, absorbency, strength, and durability for use in consumer and industrial products.

The company was formed in 2022 through the merger of Schweitzer-Mauduit International and Neenah, combining their specialty materials businesses.