Mativ (NYSE:MATV) Reaches New 1-Year Low – Should You Sell?

Mativ Holdings, Inc. (NYSE:MATV)’s stock price reached a new 52-week low on Monday . The company traded as low as $10.69 and last traded at $10.82, with a volume of 36095 shares traded. The stock had previously closed at $10.98.

Analyst Ratings Changes

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

Mativ Stock Performance

The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $586.29 million, a price-to-earnings ratio of 5.51, a PEG ratio of 3.32 and a beta of 0.64. The stock’s 50 day moving average is $13.29 and its 200 day moving average is $15.91.

Mativ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors 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 annualized dividend and a dividend yield of 3.71%. Mativ’s dividend payout ratio is currently 20.41%.

Hedge Funds Weigh In On Mativ

Several hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC purchased a new position in shares of Mativ during the second quarter valued at approximately $869,000. Natixis Advisors LLC boosted its holdings in shares of Mativ by 2.8% during the second quarter. Natixis Advisors LLC now owns 291,100 shares of the company’s stock worth $4,937,000 after purchasing an additional 7,853 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of Mativ by 32.7% in the second quarter. Texas Permanent School Fund Corp now owns 62,607 shares of the company’s stock valued at $1,062,000 after purchasing an additional 15,431 shares during the period. American Century Companies Inc. increased its stake in Mativ by 67.2% in the second quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock valued at $12,719,000 after purchasing an additional 301,488 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Mativ by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock worth $36,546,000 after acquiring an additional 52,858 shares during the period. 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.