Mativ Holdings, Inc. (NYSE:MATV – Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $11.89 and traded as high as $12.30. Mativ shares last traded at $12.2510, with a volume of 577,107 shares.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Weiss Ratings raised shares of Mativ from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Wall Street Zen lowered Mativ from a “strong-buy” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of “Hold”.
Read Our Latest Research Report on MATV
Mativ Stock Performance
The business has a 50 day moving average of $11.89 and a 200-day moving average of $10.29. The company has a market capitalization of $675.28 million, a P/E ratio of 7.61 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.95 and a current ratio of 1.98.
Mativ (NYSE:MATV – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.25 by $0.06. Mativ had a net margin of 4.64% and a return on equity of 12.09%. The company had revenue of $499.50 million during the quarter, compared to analysts’ expectations of $510.00 million. On average, sell-side analysts predict that Mativ Holdings, Inc. will post 1.03 EPS for the current fiscal year.
Mativ Dividend Announcement
The firm also recently declared 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 of this dividend is Friday, November 27th. This represents a $0.40 annualized dividend and a dividend yield of 3.3%. Mativ’s dividend payout ratio (DPR) is presently 24.84%.
Institutional Trading of Mativ
A number of hedge funds have recently made changes to their positions in MATV. BlackRock Inc. bought a new stake in Mativ in the 2nd quarter worth approximately $46,992,000. Allspring Global Investments Holdings LLC increased its position 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 period. Dimensional Fund Advisors LP increased 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 period. Bank of America Corp DE raised its position in shares of Mativ by 9.9% in the 1st quarter. Bank of America Corp DE now owns 586,036 shares of the company’s stock worth $5,099,000 after acquiring an additional 52,830 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Mativ by 34.0% during the third quarter. Russell Investments Group Ltd. now owns 584,090 shares of the company’s stock valued at $6,770,000 after purchasing an additional 148,096 shares in the last quarter. 94.95% of the stock is 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.
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