Mativ (NYSE:MATV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Mativ (NYSE:MATV) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.

Separately, Weiss Ratings upgraded shares of Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Mativ Stock Performance

Shares of MATV opened at $12.57 on Monday. The stock has a 50 day moving average of $8.45 and a 200 day moving average of $9.51. The company has a market capitalization of $692.86 million, a price-to-earnings ratio of 7.96 and a beta of 0.87. Mativ has a 12 month low of $7.07 and a 12 month high of $15.48. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 2.09.

Mativ (NYSE:MATV) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.22. Mativ had a return on equity of 13.53% and a net margin of 4.50%.The firm had revenue of $531.80 million during the quarter, compared to the consensus estimate of $508.50 million. As a group, sell-side analysts forecast that Mativ will post 0.97 earnings per share for the current year.

Mativ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, August 28th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 28th. Mativ’s dividend payout ratio (DPR) is currently 25.32%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its holdings in Mativ by 1,082.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $29,000 after acquiring an additional 2,164 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Mativ during the third quarter valued at about $30,000. California State Teachers Retirement System boosted its position in Mativ by 167.2% during the fourth quarter. California State Teachers Retirement System now owns 3,327 shares of the company’s stock worth $40,000 after purchasing an additional 2,082 shares during the period. Cullen Frost Bankers Inc. boosted its position in Mativ by 26.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,961 shares of the company’s stock worth $48,000 after purchasing an additional 818 shares during the period. Finally, CANADA LIFE ASSURANCE Co purchased a new position in shares of Mativ in the fourth quarter worth about $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.