Mativ (NYSE:MATV) Reaches New 52-Week Low – Time to Sell?

Mativ Holdings, Inc. (NYSE:MATV)’s share price reached a new 52-week low during mid-day trading on Monday . The stock 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 research report on Thursday, November 21st. They set a “hold” rating and a $15.50 price target for the company.

Mativ Stock Down 1.7 %

The firm has a market capitalization of $586.29 million, a PE ratio of 5.51, a P/E/G ratio of 3.32 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. The firm’s 50 day moving average price is $13.29 and its two-hundred day moving average price is $15.91.

Mativ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 3.71%. Mativ’s dividend payout ratio is presently 20.41%.

Institutional Trading of Mativ

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of Mativ by 0.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,037,011 shares of the company’s stock valued at $68,589,000 after buying an additional 25,885 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Mativ by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock valued at $36,546,000 after buying an additional 52,858 shares during the last quarter. State Street Corp grew its position in shares of Mativ by 0.5% during the third quarter. State Street Corp now owns 2,094,310 shares of the company’s stock worth $35,582,000 after acquiring an additional 9,561 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Mativ by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,243,514 shares of the company’s stock worth $21,132,000 after acquiring an additional 14,766 shares during the period. Finally, Royce & Associates LP lifted its position in Mativ by 4.8% in the 3rd quarter. Royce & Associates LP now owns 864,684 shares of the company’s stock valued at $14,691,000 after purchasing an additional 39,690 shares during the last quarter. Institutional investors and hedge funds 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.