Materion Corporation (NYSE:MTRN) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in shares of Materion Corporation (NYSE:MTRN) by 5.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 110,024 shares of the basic materials company’s stock after selling 6,711 shares during the period. Natixis Advisors LLC owned approximately 0.53% of Materion worth $8,978,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Materion by 722.2% in the 1st quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 1,885 shares in the last quarter. MQS Management LLC acquired a new position in shares of Materion in the 1st quarter valued at approximately $212,000. Summit Investment Advisors Inc. raised its position in shares of Materion by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company’s stock valued at $213,000 after purchasing an additional 137 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Materion in the 1st quarter valued at approximately $248,000. Finally, Central Pacific Bank Trust Division raised its position in shares of Materion by 9.6% in the 1st quarter. Central Pacific Bank Trust Division now owns 3,515 shares of the basic materials company’s stock valued at $287,000 after purchasing an additional 307 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTRN has been the topic of a number of recent analyst reports. Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp upgraded Materion from a “sector weight” rating to an “overweight” rating and set a $112.00 price target for the company in a report on Friday, July 18th.

Materion Price Performance

Shares of NYSE MTRN opened at $105.38 on Tuesday. Materion Corporation has a twelve month low of $69.10 and a twelve month high of $123.21. The company has a current ratio of 3.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 131.73 and a beta of 0.85. The business has a 50 day simple moving average of $85.13 and a 200-day simple moving average of $86.25.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.19. Materion had a return on equity of 12.69% and a net margin of 0.94%. The business had revenue of $431.66 million during the quarter, compared to the consensus estimate of $403.73 million. During the same period in the previous year, the business earned $1.42 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts expect that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 29th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, May 29th. This is an increase from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio (DPR) is currently 70.00%.

Materion Company Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.