Mativ (NYSE:MATV) Stock Rating Cut to “Buy” at Wall Street Zen

Mativ (NYSE:MATV) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Mativ from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Mativ currently has an average rating of “Hold”.

Mativ Stock Down 5.4%

Mativ stock opened at $11.69 on Friday. Mativ has a one year low of $7.07 and a one year high of $15.48. The stock has a market cap of $644.35 million, a PE ratio of 10.54 and a beta of 0.93. The stock has a fifty day moving average of $11.89 and a 200 day 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.

Mativ (NYSE:MATV) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.06. Mativ had a net margin of 4.50% and a return on equity of 13.53%. The business had revenue of $499.50 million during the quarter, compared to analysts’ expectations of $510.00 million. As a group, sell-side analysts predict that Mativ will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Mativ

Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. increased its stake in Mativ by 67.2% during the 1st quarter. Sei Investments Co. now owns 347,940 shares of the company’s stock worth $3,027,000 after acquiring an additional 139,822 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Mativ by 3.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,089,594 shares of the company’s stock valued at $35,661,000 after purchasing an additional 138,938 shares in the last quarter. PDT Partners LLC bought a new position in shares of Mativ during the 2nd quarter worth $1,530,000. Man Group plc purchased a new stake in shares of Mativ during the 2nd quarter worth about $1,539,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Mativ during the second quarter worth $3,746,000. 94.95% of the stock is owned by institutional investors and hedge funds.

About Mativ

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.