Mativ (NYSE:MATV) Reaches New 12-Month High at $19.96

Mativ Holdings, Inc. (NYSE:MATV) hit a new 52-week high during trading on Tuesday . The stock traded as high as $19.96 and last traded at $19.71, with a volume of 78376 shares changing hands. The stock had previously closed at $18.74.

Mativ Stock Up 1.3 %

The company has a debt-to-equity ratio of 1.28, a current ratio of 2.46 and a quick ratio of 1.33. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -3.26, a P/E/G ratio of 3.63 and a beta of 0.70. The business has a fifty day moving average of $17.68 and a 200 day moving average of $17.73.

Mativ (NYSE:MATV) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.13. The business had revenue of $523.80 million during the quarter, compared to analyst estimates of $526.50 million. Mativ had a negative net margin of 16.55% and a positive return on equity of 5.19%. During the same quarter in the previous year, the business earned $0.51 EPS. On average, equities analysts predict that Mativ Holdings, Inc. will post 0.82 earnings per share for the current year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.40 annualized dividend and a dividend yield of 2.11%. Mativ’s dividend payout ratio (DPR) is presently -6.62%.

Hedge Funds Weigh In On Mativ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP boosted its holdings in Mativ by 152.2% during the second quarter. Dark Forest Capital Management LP now owns 40,348 shares of the company’s stock valued at $684,000 after acquiring an additional 24,349 shares during the period. AQR Capital Management LLC acquired a new position in shares of Mativ during the second quarter worth approximately $778,000. Public Sector Pension Investment Board boosted its position in shares of Mativ by 6.3% in the second quarter. Public Sector Pension Investment Board now owns 119,537 shares of the company’s stock valued at $2,027,000 after acquiring an additional 7,055 shares during the period. Sei Investments Co. grew its stake in shares of Mativ by 25.2% in the second quarter. Sei Investments Co. now owns 88,739 shares of the company’s stock worth $1,505,000 after acquiring an additional 17,847 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Mativ during the second quarter worth $374,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Mativ Company Profile

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.