Materion Corporation $MTRN Position Reduced by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in Materion Corporation (NYSE:MTRN) by 39.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,694 shares of the basic materials company’s stock after selling 9,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Materion were worth $2,125,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp raised 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 acquiring an additional 283,998 shares during the period. Raymond James Financial Inc. boosted its stake in Materion by 187.4% in the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock worth $20,199,000 after purchasing an additional 109,017 shares during the period. Qube Research & Technologies Ltd grew its position in Materion by 313.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company’s stock worth $6,510,000 after purchasing an additional 62,187 shares in the last quarter. Concentric Capital Strategies LP purchased a new position in Materion during the 4th quarter worth approximately $7,650,000. Finally, Morgan Stanley raised its stake in Materion by 12.2% during the 4th quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock valued at $53,393,000 after purchasing an additional 46,613 shares during the period. 93.56% of the stock is owned by hedge funds and other institutional investors.

Materion Price Performance

Shares of NYSE:MTRN opened at $211.84 on Friday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 57.88 and a beta of 1.03. Materion Corporation has a 1 year low of $100.00 and a 1 year high of $298.87. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $246.52 and a 200 day simple moving average of $190.56.

Materion (NYSE:MTRN) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.03. Materion had a return on equity of 12.45% and a net margin of 3.99%.The company had revenue of $261.79 million for the quarter, compared to analyst estimates of $479.03 million. During the same period in the prior year, the firm posted $1.13 EPS. The business’s revenue was up 30.8% compared to the same quarter last year. As a group, sell-side analysts predict that Materion Corporation will post 6.45 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Materion’s dividend payout ratio (DPR) is presently 15.85%.

Wall Street Analyst Weigh In

MTRN has been the subject of several recent analyst reports. Weiss Ratings raised Materion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. KeyCorp upped their price target on Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $237.00.

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.