Mativ (NYSE:MATV) Stock Price Down 6.5% – Time to Sell?

Mativ Holdings, Inc. (NYSE:MATV) fell 6.5% on Thursday . The company traded as low as $13.35 and last traded at $13.5050. 130,157 shares traded hands during trading, a decline of 54% from the average session volume of 282,015 shares. The stock had previously closed at $14.44.

Analyst Upgrades and Downgrades

MATV has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mativ in a research report on Monday, December 29th. Wall Street Zen raised Mativ from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.00.

Mativ Stock Down 11.6%

The company has a debt-to-equity ratio of 2.62, a current ratio of 2.14 and a quick ratio of 1.09. The business has a fifty day moving average price of $12.97 and a two-hundred day moving average price of $12.02. The firm has a market capitalization of $698.28 million, a price-to-earnings ratio of -1.59 and a beta of 0.82.

Mativ (NYSE:MATV) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $463.10 million for the quarter, compared to analyst estimates of $469.55 million. Mativ had a negative net margin of 22.03% and a positive return on equity of 7.06%. On average, equities analysts expect that Mativ Holdings, Inc. will post 1.15 earnings per share for the current year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 3.1%. Mativ’s payout ratio is presently -4.98%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Mativ by 50.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,617 shares of the company’s stock worth $30,000 after acquiring an additional 873 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Mativ during the third quarter valued at approximately $30,000. Cullen Frost Bankers Inc. purchased a new position in shares of Mativ in the third quarter valued at approximately $36,000. California State Teachers Retirement System boosted its stake in shares of Mativ by 167.2% in the fourth quarter. California State Teachers Retirement System now owns 3,327 shares of the company’s stock worth $40,000 after acquiring an additional 2,082 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in shares of Mativ during the fourth quarter worth approximately $77,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.