Mativ (NYSE:MATV) Rating Increased to Strong-Buy 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 released on Monday morning.

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

Mativ Price Performance

NYSE MATV opened at $12.84 on Monday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.98 and a quick ratio of 0.95. The stock’s fifty day moving average price is $8.26 and its 200 day moving average price is $9.51. The company has a market cap of $707.74 million, a price-to-earnings ratio of 8.13 and a beta of 0.87. Mativ has a 1 year low of $7.07 and a 1 year high of $15.48.

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

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 28th will be paid a $0.10 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.1%. Mativ’s payout ratio is 25.32%.

Hedge Funds Weigh In On Mativ

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Mativ in the second quarter worth $46,992,000. Millennium Management LLC boosted its position in shares of Mativ by 1,978.4% during the first quarter. Millennium Management LLC now owns 996,673 shares of the company’s stock worth $6,209,000 after buying an additional 948,720 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Mativ in the second quarter worth $3,746,000. UBS Group AG grew its position in Mativ by 144.9% in the 3rd quarter. UBS Group AG now owns 688,273 shares of the company’s stock valued at $7,784,000 after buying an additional 407,275 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in Mativ during the 2nd quarter valued at $2,450,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

About Mativ

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.