Blue Trust Inc. Decreases Stock Holdings in Materion Co. (NYSE:MTRN)

Blue Trust Inc. reduced its stake in shares of Materion Co. (NYSE:MTRN) by 84.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 459 shares of the basic materials company’s stock after selling 2,521 shares during the quarter. Blue Trust Inc.’s holdings in Materion were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in Materion by 8.5% during the first quarter. BNP Paribas Financial Markets now owns 18,761 shares of the basic materials company’s stock worth $2,472,000 after purchasing an additional 1,464 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Materion by 9.6% during the 1st quarter. Nordea Investment Management AB now owns 80,258 shares of the basic materials company’s stock worth $10,767,000 after buying an additional 6,997 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Materion by 29.7% in the 1st quarter. Jennison Associates LLC now owns 262,121 shares of the basic materials company’s stock worth $34,534,000 after buying an additional 60,030 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Materion by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 18,066 shares of the basic materials company’s stock valued at $2,380,000 after acquiring an additional 239 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Materion during the 1st quarter valued at about $150,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Stock Down 3.4 %

MTRN opened at $101.77 on Friday. The business’s fifty day simple moving average is $107.39 and its 200 day simple moving average is $110.85. Materion Co. has a 52 week low of $96.08 and a 52 week high of $145.08. The firm has a market cap of $2.11 billion, a P/E ratio of 28.67 and a beta of 1.17. The company has a quick ratio of 1.21, a current ratio of 3.25 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. Materion had a net margin of 4.80% and a return on equity of 12.20%. The business had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. During the same period in the previous year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Materion Co. will post 5.25 EPS for the current fiscal year.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Thursday, November 14th. Materion’s dividend payout ratio is currently 15.21%.

Analyst Ratings Changes

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

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.