Fisher Asset Management LLC Has $10.09 Million Stake in Materion Corporation $MTRN

Fisher Asset Management LLC reduced its stake in shares of Materion Corporation (NYSE:MTRN) by 19.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,168 shares of the basic materials company’s stock after selling 31,433 shares during the quarter. Fisher Asset Management LLC owned 0.61% of Materion worth $10,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trigran Investments Inc. grew its holdings in shares of Materion by 7.7% in the 1st quarter. Trigran Investments Inc. now owns 794,765 shares of the basic materials company’s stock worth $64,853,000 after purchasing an additional 56,935 shares during the last quarter. Geode Capital Management LLC boosted its position in Materion by 2.2% in the second quarter. Geode Capital Management LLC now owns 487,186 shares of the basic materials company’s stock valued at $38,673,000 after buying an additional 10,468 shares in the last quarter. Copeland Capital Management LLC grew its stake in Materion by 16.0% during the second quarter. Copeland Capital Management LLC now owns 465,746 shares of the basic materials company’s stock worth $36,966,000 after buying an additional 64,289 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Materion by 41.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,106 shares of the basic materials company’s stock worth $23,592,000 after buying an additional 84,482 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Materion by 2.3% during the first quarter. Northern Trust Corp now owns 288,611 shares of the basic materials company’s stock worth $23,551,000 after buying an additional 6,598 shares in the last quarter. 93.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MTRN. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research report on Wednesday, October 8th. KeyCorp increased their target price on Materion from $115.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Zacks Research cut Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Materion currently has a consensus rating of “Hold” and a consensus target price of $117.00.

Insiders Place Their Bets

In other Materion news, VP Gregory R. Chemnitz sold 864 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $113.23, for a total value of $97,830.72. Following the transaction, the vice president directly owned 10,376 shares of the company’s stock, valued at approximately $1,174,874.48. This trade represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.

Materion Trading Up 2.9%

MTRN stock opened at $125.66 on Thursday. The company has a quick ratio of 1.31, a current ratio of 3.29 and a debt-to-equity ratio of 0.49. Materion Corporation has a twelve month low of $69.10 and a twelve month high of $135.33. The company has a market cap of $2.60 billion, a P/E ratio of 132.27 and a beta of 0.87. The business has a fifty day moving average of $121.79 and a 200-day moving average of $104.69.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, March 22nd. The basic materials company reported $1.03 EPS for the quarter. The firm had revenue of $230.20 million during the quarter. Materion had a return on equity of 12.66% and a net margin of 1.12%. As a group, equities research analysts expect that Materion Corporation will post 5.5 EPS for the current year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Thursday, November 13th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 13th. Materion’s payout ratio 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.