Mativ (NYSE:MATV) Rating Increased to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Mativ (NYSE:MATV) from a hold rating to a buy rating in a report issued on Monday morning, MarketBeat.com reports. They currently have $10.00 price objective on the stock, down from their prior price objective of $15.50.

Mativ Price Performance

Shares of NYSE:MATV opened at $6.67 on Monday. The firm’s 50 day moving average price is $8.09 and its 200-day moving average price is $12.10. The company has a quick ratio of 1.29, a current ratio of 2.40 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $363.36 million, a PE ratio of -7.41, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72. Mativ has a twelve month low of $5.10 and a twelve month high of $19.96.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. The business had revenue of $458.60 million during the quarter, compared to the consensus estimate of $472.70 million. Equities research analysts expect that Mativ will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date is Friday, March 14th. Mativ’s payout ratio is -44.44%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Federated Hermes Inc. bought a new stake in Mativ during the 4th quarter worth approximately $33,000. Point72 DIFC Ltd purchased a new stake in shares of Mativ in the third quarter worth $35,000. KBC Group NV raised its position in shares of Mativ by 93.2% during the 4th quarter. KBC Group NV now owns 4,787 shares of the company’s stock valued at $52,000 after purchasing an additional 2,309 shares during the period. Truvestments Capital LLC bought a new stake in shares of Mativ during the 3rd quarter valued at $82,000. Finally, Quantbot Technologies LP purchased a new position in shares of Mativ during the 4th quarter valued at $122,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.