Mativ (NYSE:MATV) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Mativ Holdings, Inc. (NYSE:MATV)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $11.89 and traded as high as $12.30. Mativ shares last traded at $12.2510, with a volume of 577,107 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings cut Mativ from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Wall Street Zen lowered Mativ from a “strong-buy” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Mativ Trading Up 2.3%

The firm has a market cap of $681.76 million, a price-to-earnings ratio of 11.83 and a beta of 0.93. The company’s 50-day moving average price is $11.90 and its 200-day moving average price is $10.28. The company has a quick ratio of 1.03, a current ratio of 1.93 and a debt-to-equity ratio of 2.11.

Mativ (NYSE:MATV) last issued its earnings results on Wednesday, November 4th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. Mativ had a net margin of 4.64% and a return on equity of 12.18%. The business had revenue of $499.50 million during the quarter, compared to analysts’ expectations of $510.00 million. Equities analysts expect that Mativ Holdings, Inc. will post 1.03 EPS for the current fiscal year.

Mativ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, November 27th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 27th. Mativ’s payout ratio is 24.84%.

Institutional Investors Weigh In On Mativ

Institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its holdings 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 valued at $29,000 after acquiring an additional 2,164 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Mativ in the 2nd quarter valued at $78,000. WINTON GROUP Ltd acquired a new position in shares of Mativ in the 2nd quarter valued at $78,000. Legal & General Group Plc purchased a new stake in Mativ in the 2nd quarter valued at $86,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Mativ in the 2nd quarter valued at $113,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Mativ Company Profile

Mativ is a global specialty materials company that develops and manufactures engineered materials for a range of industrial and consumer applications. Its products include filtration media, specialty papers, films, adhesive solutions, release liners, and materials used in healthcare and packaging. The company serves customers across markets such as filtration, infrastructure, transportation, healthcare, food and beverage, and consumer products. Its materials are designed for uses including air and liquid filtration, product protection, labeling, and technical applications.