Y Intercept Hong Kong Ltd Takes Position in Materion Corporation $MTRN

Y Intercept Hong Kong Ltd bought a new stake in Materion Corporation (NYSE:MTRN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,379 shares of the basic materials company’s stock, valued at approximately $824,000.

A number of other large investors have also modified their holdings of MTRN. Nuveen LLC acquired a new stake in shares of Materion in the first quarter valued at about $9,707,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Materion by 41.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,106 shares of the basic materials company’s stock valued at $23,592,000 after purchasing an additional 84,482 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in Materion by 16.0% in the second quarter. Copeland Capital Management LLC now owns 465,746 shares of the basic materials company’s stock valued at $36,966,000 after purchasing an additional 64,289 shares during the last quarter. Trigran Investments Inc. boosted its holdings in Materion by 7.7% in the first quarter. Trigran Investments Inc. now owns 794,765 shares of the basic materials company’s stock valued at $64,853,000 after purchasing an additional 56,935 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in Materion by 67.6% in the first quarter. Intech Investment Management LLC now owns 122,009 shares of the basic materials company’s stock valued at $9,956,000 after purchasing an additional 49,217 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insider Transactions at Materion

In related news, Director N Mohan Reddy sold 1,155 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $105.45, for a total transaction of $121,794.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MTRN shares. Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a report on Wednesday, October 8th. Finally, KeyCorp lifted their price target on Materion from $115.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $117.00.

Materion Trading Down 2.4%

NYSE:MTRN opened at $111.68 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 3.28 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $119.92 and its two-hundred day moving average is $99.16. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $135.33. The company has a market cap of $2.31 billion, a PE ratio of 117.55 and a beta of 0.91.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, March 22nd. The basic materials company reported $1.03 EPS for the quarter. Materion had a return on equity of 12.66% and a net margin of 1.12%.The company had revenue of $230.20 million for the quarter. On average, analysts predict that Materion Corporation will post 5.5 EPS for the current year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Thursday, November 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. Materion’s dividend payout ratio (DPR) is 58.95%.

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.