SG Americas Securities LLC Sells 5,613 Shares of Materion Corporation $MTRN

SG Americas Securities LLC trimmed its position in shares of Materion Corporation (NYSE:MTRN) by 72.7% during the third quarter, Holdings Channel.com reports. The firm owned 2,112 shares of the basic materials company’s stock after selling 5,613 shares during the period. SG Americas Securities LLC’s holdings in Materion were worth $255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Materion by 28.0% during the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after buying an additional 283,998 shares during the last quarter. American Century Companies Inc. boosted its holdings in Materion by 222.3% during the 2nd quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company’s stock worth $18,923,000 after acquiring an additional 164,433 shares during the last quarter. Copeland Capital Management LLC grew its stake in shares of Materion by 16.0% in the 2nd quarter. Copeland Capital Management LLC now owns 465,746 shares of the basic materials company’s stock worth $36,966,000 after acquiring an additional 64,289 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Materion by 313.6% in the second quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company’s stock valued at $6,510,000 after purchasing an additional 62,187 shares during the last quarter. Finally, Gendell Jeffrey L bought a new position in shares of Materion during the second quarter valued at about $4,865,000. Institutional investors own 93.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MTRN shares. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Zacks Research lowered Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, KeyCorp set a $161.00 price objective on Materion and gave the company an “overweight” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Materion presently has a consensus rating of “Hold” and an average target price of $161.00.

Materion Trading Down 1.2%

NYSE:MTRN opened at $134.27 on Wednesday. Materion Corporation has a 12 month low of $69.10 and a 12 month high of $152.99. The company has a current ratio of 3.29, a quick ratio of 1.31 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $129.74 and its 200 day moving average is $119.26. The stock has a market capitalization of $2.78 billion, a PE ratio of 141.34 and a beta of 0.86.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, October 29th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. The business had revenue of $444.81 million during the quarter, compared to the consensus estimate of $444.43 million. Materion had a return on equity of 12.66% and a net margin of 1.12%.The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business posted $1.41 earnings per share. Sell-side analysts expect that Materion Corporation will post 5.5 earnings per share for the current year.

Insider Buying and Selling at Materion

In related news, VP Gregory R. Chemnitz sold 864 shares of Materion stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $113.23, for a total value of $97,830.72. Following the completion of the sale, the vice president owned 10,376 shares of the company’s stock, valued at approximately $1,174,874.48. This trade represents a 7.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Materion Company Profile

Materion Corporation (NYSE: MTRN) is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion’s offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion’s core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.