Mativ (NYSE:MATV) Sets New 1-Year Low – Time to Sell?

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

Analysts Set New Price Targets

Separately, Stifel Nicolaus initiated coverage on shares of Mativ in a report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price target for the company.

Mativ Price Performance

The company has a fifty day simple moving average of $12.59 and a 200-day simple moving average of $15.60. The company has a market cap of $542.27 million, a P/E ratio of 5.09, a PEG ratio of 3.32 and a beta of 0.68. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29.

Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Friday, November 29th. Mativ’s dividend payout ratio is 20.41%.

Institutional Investors Weigh In On Mativ

Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of Mativ by 67.2% in the second quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock worth $12,719,000 after purchasing an additional 301,488 shares in the last quarter. Barclays PLC lifted its position in Mativ by 227.5% in the 3rd quarter. Barclays PLC now owns 102,836 shares of the company’s stock worth $1,748,000 after buying an additional 71,436 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Mativ during the 3rd quarter valued at $1,158,000. JPMorgan Chase & Co. grew its holdings in shares of Mativ by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,822 shares of the company’s stock valued at $3,344,000 after acquiring an additional 60,930 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Mativ by 2.5% in the second 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 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.