Lynx Investment Advisory Invests $38,000 in Materion Co. (NYSE:MTRN)

Lynx Investment Advisory purchased a new stake in shares of Materion Co. (NYSE:MTRN) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 351 shares of the basic materials company’s stock, valued at approximately $38,000.

A number of other large investors have also recently added to or reduced their stakes in the business. CENTRAL TRUST Co raised its position in Materion by 529.0% in the fourth quarter. CENTRAL TRUST Co now owns 195 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. Quest Partners LLC purchased a new stake in Materion in the 4th quarter valued at about $44,000. SRS Capital Advisors Inc. lifted its position in Materion by 285.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 428 shares of the basic materials company’s stock valued at $56,000 after buying an additional 317 shares during the last quarter. SG Americas Securities LLC purchased a new position in Materion during the first quarter worth about $150,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Materion during the fourth quarter valued at about $195,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Stock Down 3.2 %

Shares of MTRN traded down $3.66 during mid-day trading on Wednesday, hitting $110.99. 35,668 shares of the company’s stock were exchanged, compared to its average volume of 102,433. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 2.91. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 28.76 and a beta of 1.19. The stock’s 50-day moving average is $111.00 and its 200-day moving average is $119.13. Materion Co. has a fifty-two week low of $92.23 and a fifty-two week high of $145.08.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. The company had revenue of $425.87 million during the quarter, compared to analysts’ expectations of $424.02 million. Materion had a net margin of 5.19% and a return on equity of 12.32%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 EPS. On average, sell-side analysts anticipate that Materion Co. will post 5.75 earnings per share for the current fiscal year.

Materion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This is an increase from Materion’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.49%. Materion’s payout ratio is currently 13.53%.

Insider Buying and Selling

In related news, Director Emily M. Liggett sold 1,152 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $111.86, for a total value of $128,862.72. Following the transaction, the director now owns 2,621 shares of the company’s stock, valued at $293,185.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Gregory R. Chemnitz sold 2,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $113.31, for a total value of $226,620.00. Following the completion of the transaction, the vice president now owns 18,031 shares in the company, valued at approximately $2,043,092.61. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Emily M. Liggett sold 1,152 shares of Materion stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $111.86, for a total transaction of $128,862.72. Following the sale, the director now owns 2,621 shares in the company, valued at $293,185.06. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

MTRN has been the subject of a number of research analyst reports. StockNews.com cut shares of Materion from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. KeyCorp lowered their price target on Materion from $156.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday, May 10th.

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.