Mativ (NYSE:MATV) Downgraded by Wall Street Zen to “Buy”

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

Separately, Weiss Ratings upgraded shares of Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a report 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’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Mativ Stock Performance

Shares of MATV stock opened at $8.19 on Friday. The company has a quick ratio of 1.12, a current ratio of 2.26 and a debt-to-equity ratio of 2.22. Mativ has a 52 week low of $5.46 and a 52 week high of $15.48. The stock has a market capitalization of $451.27 million, a PE ratio of 6.11 and a beta of 0.89. The firm has a 50 day moving average of $8.96 and a two-hundred day moving average of $11.21.

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

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, May 29th. Mativ’s dividend payout ratio (DPR) is presently 29.85%.

Institutional Investors Weigh In On Mativ

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised 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 worth $35,661,000 after acquiring an additional 138,938 shares in the last quarter. Vanguard Group Inc. raised its stake in Mativ by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 3,738,809 shares of the company’s stock worth $45,427,000 after acquiring an additional 194,225 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Mativ by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,317,550 shares of the company’s stock worth $20,162,000 after acquiring an additional 147,577 shares in the last quarter. American Century Companies Inc. raised its stake in Mativ by 13.3% during the 3rd quarter. American Century Companies Inc. now owns 1,916,201 shares of the company’s stock worth $21,672,000 after acquiring an additional 225,370 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Mativ by 11.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,787,617 shares of the company’s stock worth $21,720,000 after acquiring an additional 188,677 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.