Mativ (NYSE:MATV) Sets New 12-Month High – Time to Buy?

Shares of Mativ Holdings, Inc. (NYSE:MATV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.65 and last traded at $13.5160, with a volume of 47870 shares changing hands. The stock had previously closed at $12.91.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research cut Mativ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Wall Street Zen upgraded shares of Mativ from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Mativ in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.00.

Mativ Trading Up 5.9%

The firm has a market cap of $747.26 million, a PE ratio of -1.70 and a beta of 0.82. The company has a debt-to-equity ratio of 2.62, a current ratio of 2.14 and a quick ratio of 1.09. The business has a 50-day moving average price of $12.50 and a two-hundred day moving average price of $11.49.

Mativ (NYSE:MATV) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.12. The firm had revenue of $513.70 million for the quarter, compared to analysts’ expectations of $505.00 million. Mativ had a negative net margin of 22.03% and a positive return on equity of 7.06%. Analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its position in shares of Mativ by 4.0% in the fourth quarter. First Eagle Investment Management LLC now owns 1,053,792 shares of the company’s stock valued at $12,804,000 after buying an additional 40,402 shares during the last quarter. Strs Ohio grew its stake in Mativ by 106.8% in the 4th quarter. Strs Ohio now owns 15,100 shares of the company’s stock worth $183,000 after acquiring an additional 7,800 shares during the period. M&T Bank Corp acquired a new position in Mativ in the 4th quarter valued at $140,000. Vanguard Group Inc. grew its position in shares of Mativ by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 3,738,809 shares of the company’s stock valued at $45,427,000 after purchasing an additional 194,225 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Mativ in the fourth quarter valued at $730,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.