Mativ (NYSE:MATV) Reaches New 1-Year Low – Here’s Why

Shares of Mativ Holdings, Inc. (NYSE:MATV) hit a new 52-week low on Tuesday . The stock traded as low as $10.48 and last traded at $10.56, with a volume of 152911 shares trading hands. The stock had previously closed at $10.84.

Wall Street Analysts Forecast Growth

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

Mativ Price Performance

The company has a market capitalization of $561.29 million, a price-to-earnings ratio of 5.27, a P/E/G ratio of 3.32 and a beta of 0.68. The company has a fifty day simple moving average of $12.70 and a two-hundred day simple moving average of $15.65. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.29 and a current ratio of 2.37.

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Friday, November 29th. Mativ’s payout ratio is 20.41%.

Hedge Funds Weigh In On Mativ

A number of large investors have recently bought and sold shares of MATV. Versor Investments LP acquired a new position in shares of Mativ in the 3rd quarter valued at about $567,000. PDT Partners LLC purchased a new position in shares of Mativ in the 3rd quarter valued at $817,000. Franklin Resources Inc. lifted its holdings in shares of Mativ by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 34,362 shares of the company’s stock valued at $574,000 after acquiring an additional 2,648 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Mativ during the 2nd quarter worth $778,000. Finally, Barclays PLC increased its holdings in Mativ by 227.5% in the 3rd quarter. Barclays PLC now owns 102,836 shares of the company’s stock valued at $1,748,000 after purchasing an additional 71,436 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

About Mativ

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.