Janney Montgomery Scott LLC Decreases Holdings in Materion Corporation $MTRN

Janney Montgomery Scott LLC trimmed its holdings in shares of Materion Corporation (NYSE:MTRN) by 9.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,943 shares of the basic materials company’s stock after selling 858 shares during the period. Janney Montgomery Scott LLC’s holdings in Materion were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Inspire Investing LLC raised its stake in Materion by 4.0% during the 1st quarter. Inspire Investing LLC now owns 4,209 shares of the basic materials company’s stock valued at $343,000 after acquiring an additional 160 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Materion by 0.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 23,312 shares of the basic materials company’s stock valued at $1,902,000 after acquiring an additional 218 shares during the last quarter. Victory Capital Management Inc. raised its stake in Materion by 3.2% during the 1st quarter. Victory Capital Management Inc. now owns 8,124 shares of the basic materials company’s stock valued at $663,000 after acquiring an additional 250 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Materion by 7.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,735 shares of the basic materials company’s stock valued at $305,000 after acquiring an additional 271 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in Materion during the 1st quarter valued at approximately $34,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MTRN. Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Zacks Research downgraded Materion from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. KeyCorp boosted their target price on Materion from $115.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Materion currently has a consensus rating of “Hold” and a consensus target price of $117.00.

Materion Stock Performance

MTRN opened at $127.94 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of 159.93 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.17 and a quick ratio of 1.25. The stock’s 50 day simple moving average is $116.16 and its 200 day simple moving average is $94.41. Materion Corporation has a 1-year low of $69.10 and a 1-year high of $131.95.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share for the quarter. The business had revenue of $230.20 million for the quarter. Materion had a return on equity of 12.69% and a net margin of 0.94%. As a group, equities analysts anticipate that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.14 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. Materion’s dividend payout ratio is currently 70.00%.

Insider Buying and Selling

In related news, CAO Melissa A. Fashinpaur sold 1,140 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $105.34, for a total value of $120,087.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Gregory R. Chemnitz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $105.17, for a total value of $315,510.00. Following the completion of the sale, the vice president owned 10,376 shares in the company, valued at approximately $1,091,243.92. This represents a 22.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,295 shares of company stock worth $557,392 in the last quarter. Company insiders own 2.60% of the company’s stock.

Materion 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.