Materion Corporation (MTRN) Stake Maintained by Royce & Associates LP
Royce & Associates LP held its position in Materion Corporation (NYSE:MTRN) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,000 shares of the basic materials company’s stock at the close of the second quarter. Royce & Associates LP’s holdings in Materion Corporation were worth $112,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Materion Corporation in the 1st quarter valued at about $115,000. Victory Capital Management Inc. lifted its position in Materion Corporation by 50.5% in the 1st quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 1,271 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Materion Corporation by 79.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,949 shares of the basic materials company’s stock valued at $147,000 after purchasing an additional 1,749 shares during the last quarter. Mason Street Advisors LLC lifted its position in Materion Corporation by 7.1% in the 1st quarter. Mason Street Advisors LLC now owns 4,665 shares of the basic materials company’s stock valued at $157,000 after purchasing an additional 308 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in Materion Corporation in the 1st quarter valued at about $160,000. Institutional investors own 90.80% of the company’s stock.
Materion Corporation (NYSE:MTRN) opened at 38.75 on Wednesday. Materion Corporation has a 1-year low of $28.50 and a 1-year high of $41.23. The firm’s 50-day moving average is $38.21 and its 200 day moving average is $36.08. The firm has a market cap of $776.47 million, a PE ratio of 31.28 and a beta of 1.15.
Materion Corporation (NYSE:MTRN) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $295.80 million for the quarter, compared to the consensus estimate of $254.28 million. Materion Corporation had a net margin of 2.47% and a return on equity of 5.96%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, equities analysts forecast that Materion Corporation will post $1.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.40 annualized dividend and a yield of 1.03%. Materion Corporation’s dividend payout ratio (DPR) is 32.26%.
In related news, insider Richard J. Hipple sold 5,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $37.22, for a total transaction of $186,100.00. Following the transaction, the insider now owns 67,091 shares in the company, valued at approximately $2,497,127.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard J. Hipple sold 2,500 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $37.38, for a total transaction of $93,450.00. Following the transaction, the insider now owns 57,091 shares in the company, valued at approximately $2,134,061.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,500 shares of company stock worth $579,670. 2.90% of the stock is owned by corporate insiders.
MTRN has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Materion Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $34.00 price objective on shares of Materion Corporation in a research report on Friday, July 7th. Finally, BidaskClub upgraded shares of Materion Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd.
Materion Corporation Profile
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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