Copeland Capital Management LLC Sells 92,898 Shares of Materion Corporation $MTRN

Copeland Capital Management LLC decreased its holdings in shares of Materion Corporation (NYSE:MTRN) by 19.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,848 shares of the basic materials company’s stock after selling 92,898 shares during the quarter. Copeland Capital Management LLC owned about 1.80% of Materion worth $45,044,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Materion in the 1st quarter worth $34,000. First Horizon Advisors Inc. grew its stake in shares of Materion by 25.3% during the second quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 118 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Materion in the second quarter valued at about $50,000. Finally, TD Waterhouse Canada Inc. acquired a new position in Materion in the second quarter valued at about $53,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Gregory R. Chemnitz sold 864 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $113.23, for a total value of $97,830.72. Following the sale, the vice president directly owned 10,376 shares in the company, valued at $1,174,874.48. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Zacks Research lowered shares of Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Materion has an average rating of “Hold” and an average price target of $117.00.

Materion Price Performance

Shares of MTRN opened at $126.36 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.31 and a current ratio of 3.29. The firm has a market capitalization of $2.62 billion, a PE ratio of 133.01 and a beta of 0.87. The stock has a 50 day simple moving average of $122.51 and a 200 day simple moving average of $110.92. Materion Corporation has a 52-week low of $69.10 and a 52-week high of $135.33.

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. Materion had a net margin of 1.12% and a return on equity of 12.66%. The company had revenue of $230.20 million during the quarter. Sell-side analysts predict that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, November 13th. Materion’s dividend payout ratio is 58.95%.

About Materion

Materion Corporation (NYSE: MTRN) is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion’s offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion’s core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.