Mativ (NYSE:MATV) Stock Price Down 8.9% - Here's What Happened

Key Points

• Mativ shares fell 8.9% to about $11.26, with trading volume roughly half its average.
• Quarterly EPS of $0.31 beat the $0.25 consensus estimate, but revenue of $499.5 million came in below the $510 million forecast. Analysts’ average rating is Hold.
• Mativ declared a quarterly dividend of $0.10 per share, equivalent to $0.40 annually and a 3.5% yield.

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) shares were down 8.9% on Friday. The stock traded as low as $11.50 and last traded at $11.2560. Approximately 230,918 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 463,336 shares. The stock had previously closed at $12.36.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Mativ from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Mativ from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Mativ has an average rating of "Hold".

Mativ Trading Down 8.5%

The firm has a 50 day simple moving average of $11.90 and a 200 day simple moving average of $10.29. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.95 and a current ratio of 1.98. The firm has a market cap of $623.65 million, a P/E ratio of 6.98 and a beta of 0.93.

Mativ (NYSE:MATV - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. Mativ had a return on equity of 12.09% and a net margin of 4.64%. The firm had revenue of $499.50 million for the quarter, compared to analysts' expectations of $510.00 million. On average, equities research analysts predict that Mativ Holdings, Inc. will post 0.97 EPS for the current fiscal year.

Mativ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, November 27th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 27th. Mativ's dividend payout ratio is 24.84%.

Institutional Trading of Mativ

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its position in shares of Mativ by 1,082.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company's stock worth $29,000 after purchasing an additional 2,164 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Mativ in the 2nd quarter worth approximately $78,000. WINTON GROUP Ltd bought a new position in Mativ in the second quarter valued at $78,000. Legal & General Group Plc purchased a new position in shares of Mativ during the 2nd quarter valued at about $86,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Mativ in the second quarter worth approximately $113,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Company Profile

Mativ Inc NYSE: MATV is a global manufacturer of specialty materials and engineered solutions. The company develops and produces materials used in filtration, healthcare, hygiene, food and beverage, industrial, packaging, and other specialized applications.

Its products include filtration media and components, engineered papers and nonwoven materials, release liners, protective and medical materials, and other performance-oriented substrates. Mativ's solutions are designed to provide properties such as filtration, barrier protection, absorbency, strength, and durability for use in consumer and industrial products.

The company was formed in 2022 through the merger of Schweitzer-Mauduit International and Neenah, combining their specialty materials businesses.

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