Rice Hall James & Associates LLC Has $2.14 Million Position in Materion Corporation $MTRN

Rice Hall James & Associates LLC lessened its holdings in shares of Materion Corporation (NYSE:MTRN) by 28.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,672 shares of the basic materials company’s stock after selling 6,978 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Materion were worth $2,135,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in shares of Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Materion in the 1st quarter valued at $34,000. First Horizon Advisors Inc. boosted its holdings in Materion by 25.3% in the second quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 118 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Materion in the second quarter worth $50,000. Finally, TD Waterhouse Canada Inc. acquired a new position in Materion during the second quarter worth $53,000. 93.56% of the stock is owned by institutional investors.

Materion Stock Up 0.5%

MTRN stock opened at $128.61 on Friday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 135.38 and a beta of 0.87. The company has a 50-day moving average of $122.68 and a two-hundred day moving average of $110.39. Materion Corporation has a 52-week low of $69.10 and a 52-week high of $135.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.29 and a quick ratio of 1.31.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share for the quarter. Materion had a return on equity of 12.66% and a net margin of 1.12%.The business had revenue of $230.20 million during the quarter. As a group, equities research analysts anticipate that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Thursday, November 13th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, November 13th. Materion’s dividend payout ratio is currently 58.95%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a research report on Wednesday, October 8th. Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Zacks Research downgraded Materion from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $117.00.

Insider Buying and Selling at Materion

In other news, VP Gregory R. Chemnitz sold 864 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $113.23, for a total value of $97,830.72. Following the sale, the vice president owned 10,376 shares in the company, valued at approximately $1,174,874.48. This trade represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Materion 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.