King Luther Capital Management Corp Acquires 10,566 Shares of Materion Co. (NYSE:MTRN)

King Luther Capital Management Corp increased its holdings in Materion Co. (NYSE:MTRN - Free Report) by 43.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,897 shares of the basic materials company's stock after purchasing an additional 10,566 shares during the quarter. King Luther Capital Management Corp owned approximately 0.17% of Materion worth $3,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MTRN. Segall Bryant & Hamill LLC boosted its position in Materion by 5.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 221,086 shares of the basic materials company's stock valued at $24,731,000 after acquiring an additional 11,198 shares in the last quarter. Pathstone Holdings LLC boosted its position in Materion by 20.3% during the 3rd quarter. Pathstone Holdings LLC now owns 17,192 shares of the basic materials company's stock valued at $1,923,000 after acquiring an additional 2,896 shares in the last quarter. Quest Partners LLC boosted its position in Materion by 118.7% during the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company's stock valued at $63,000 after acquiring an additional 305 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Materion by 69.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company's stock valued at $5,310,000 after acquiring an additional 19,483 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Materion by 12.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company's stock valued at $67,501,000 after acquiring an additional 64,470 shares in the last quarter. 93.56% of the stock is owned by institutional investors.

Materion Stock Up 3.4 %

Shares of MTRN stock traded up $3.79 during trading hours on Friday, hitting $116.76. 104,000 shares of the company's stock traded hands, compared to its average volume of 90,064. The stock's fifty day simple moving average is $108.54 and its two-hundred day simple moving average is $110.43. Materion Co. has a 12-month low of $96.18 and a 12-month high of $145.08. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 32.91 and a beta of 1.19. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, hitting analysts' consensus estimates of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The company had revenue of $436.70 million during the quarter, compared to analyst estimates of $416.40 million. During the same period in the previous year, the business earned $1.39 EPS. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts expect that Materion Co. will post 5.24 EPS for the current year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a yield of 0.46%. Materion's payout ratio is currently 15.21%.

Insider Buying and Selling

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the sale, the vice president now owns 12,031 shares of the company's stock, valued at approximately $1,414,484.67. The trade was a 14.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Materion from a "sell" rating to a "hold" rating in a report on Thursday, August 8th.

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.