Nisa Investment Advisors LLC reduced its position in Materion Corporation (NYSE:MTRN – Free Report) by 51.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,239 shares of the basic materials company’s stock after selling 12,118 shares during the period. Nisa Investment Advisors LLC owned about 0.05% of Materion worth $1,397,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Montag A & Associates Inc. lifted its position in shares of Materion by 1,607.7% in the 3rd quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 209 shares in the last quarter. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 225 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Materion during the 1st quarter valued at $34,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Materion in the third quarter valued at $35,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Materion in the third quarter valued at $46,000. Institutional investors and hedge funds own 93.56% of the company’s stock.
Materion Trading Down 0.0%
Shares of NYSE:MTRN opened at $149.10 on Friday. The firm has a fifty day moving average of $147.54 and a two-hundred day moving average of $133.45. The firm has a market capitalization of $3.10 billion, a P/E ratio of 41.53 and a beta of 0.91. Materion Corporation has a 12-month low of $69.10 and a 12-month high of $172.03. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.48.
Materion Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Thursday, February 19th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, February 19th. Materion’s dividend payout ratio is presently 15.60%.
Wall Street Analysts Forecast Growth
MTRN has been the topic of a number of research analyst reports. Robert W. Baird began coverage on Materion in a report on Wednesday. They set an “outperform” rating on the stock. Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. Finally, KeyCorp started coverage on Materion in a research note on Wednesday, March 25th. They set an “overweight” rating and a $170.00 target price on the stock. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $170.00.
View Our Latest Stock Report on MTRN
Insider Activity at Materion
In related news, Director Vinod M. Khilnani sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $148.86, for a total value of $595,440.00. Following the completion of the sale, the director owned 13,665 shares of the company’s stock, valued at approximately $2,034,171.90. The trade was a 22.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jugal K. Vijayvargiya sold 12,245 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $156.86, for a total value of $1,920,750.70. Following the completion of the transaction, the chief executive officer owned 118,008 shares in the company, valued at $18,510,734.88. This represents a 9.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 49,549 shares of company stock worth $7,548,444. 2.60% of the stock is currently owned by corporate insiders.
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.
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