Materion Co. (NYSE:MTRN) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC increased its position in Materion Co. (NYSE:MTRN) by 435.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,823 shares of the basic materials company’s stock after buying an additional 29,131 shares during the quarter. Intech Investment Management LLC owned about 0.17% of Materion worth $4,007,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ceredex Value Advisors LLC acquired a new position in Materion in the second quarter worth approximately $12,938,000. F M Investments LLC acquired a new position in shares of Materion in the 2nd quarter worth $11,643,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Materion by 31.3% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock worth $48,010,000 after purchasing an additional 105,969 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Materion by 21.8% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 538,975 shares of the basic materials company’s stock valued at $58,280,000 after purchasing an additional 96,525 shares during the last quarter. Finally, abrdn plc boosted its position in shares of Materion by 19.8% in the 3rd quarter. abrdn plc now owns 258,728 shares of the basic materials company’s stock valued at $28,941,000 after purchasing an additional 42,717 shares during the period. Institutional investors own 93.56% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

Insider Activity at Materion

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $117.57, for a total value of $235,140.00. Following the transaction, the vice president now owns 12,031 shares in the company, valued at $1,414,484.67. The trade was a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

Materion Trading Up 3.4 %

NYSE MTRN opened at $116.83 on Friday. The firm’s 50 day moving average price is $108.54 and its two-hundred day moving average price is $110.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15. Materion Co. has a twelve month low of $96.18 and a twelve month high of $145.08. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 32.91 and a beta of 1.19.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting the consensus estimate of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The firm had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. During the same period in the previous year, the firm earned $1.39 earnings per share. Materion’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts anticipate that Materion Co. will post 5.24 EPS for the current year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Thursday, November 14th. Materion’s dividend payout ratio is currently 15.21%.

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.