Mativ (NYSE:MATV) Reaches New 52-Week Low – Time to Sell?

Mativ Holdings, Inc. (NYSE:MATV) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $9.44 and last traded at $9.49, with a volume of 369627 shares trading hands. The stock had previously closed at $9.92.

Wall Street Analysts Forecast Growth

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

Mativ Price Performance

The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. The company has a 50 day moving average of $11.41 and a two-hundred day moving average of $14.99. The firm has a market cap of $526.28 million, a P/E ratio of 4.94, a PEG ratio of 1.38 and a beta of 0.68.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, November 6th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.05). The company had revenue of $498.50 million for the quarter, compared to analysts’ expectations of $523.80 million. Mativ had a net margin of 5.44% and a return on equity of 4.88%. During the same period in the prior year, the company earned $0.21 earnings per share. Sell-side analysts expect that Mativ Holdings, Inc. will post 0.6 EPS for the current year.

Mativ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 4.13%. Mativ’s payout ratio is presently 20.41%.

Institutional Investors Weigh In On Mativ

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MATV. nVerses Capital LLC acquired a new stake in shares of Mativ during the 3rd quarter valued at about $25,000. Point72 DIFC Ltd bought a new position in Mativ during the third quarter valued at approximately $35,000. KBC Group NV lifted its stake in Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after acquiring an additional 2,309 shares during the last quarter. Truvestments Capital LLC bought a new stake in Mativ in the third quarter worth approximately $82,000. Finally, FMR LLC increased its stake in shares of Mativ by 113.3% during the 3rd quarter. FMR LLC now owns 7,716 shares of the company’s stock worth $131,000 after purchasing an additional 4,098 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.