Intech Investment Management LLC Acquires 29,131 Shares of Materion Co. (NYSE:MTRN)

Intech Investment Management LLC lifted its holdings in Materion Co. (NYSE:MTRN - Free Report) by 435.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,823 shares of the basic materials company's stock after acquiring an additional 29,131 shares during the period. Intech Investment Management LLC owned approximately 0.17% of Materion worth $4,007,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MTRN. Opal Wealth Advisors LLC acquired a new stake in Materion during the 2nd quarter valued at $25,000. Quest Partners LLC grew its holdings in Materion by 25,600.0% during the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company's stock worth $28,000 after acquiring an additional 256 shares in the last quarter. Lynx Investment Advisory acquired a new position in Materion during the 2nd quarter worth $38,000. ARK Investment Management LLC acquired a new position in Materion during the 3rd quarter worth $85,000. Finally, Brown Lisle Cummings Inc. acquired a new position in Materion during the 2nd quarter worth $92,000. Institutional investors and hedge funds own 93.56% of the company's stock.

Materion Stock Up 3.4 %

Shares of MTRN stock traded up $3.79 during trading on Friday, hitting $116.76. 104,000 shares of the company were exchanged, compared to its average volume of 90,064. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 32.89 and a beta of 1.19. The business's 50-day simple moving average is $108.77 and its 200 day simple moving average is $110.49. Materion Co. has a twelve month low of $96.18 and a twelve month high of $145.08.

Materion (NYSE:MTRN - Get Free Report) last issued 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 business had revenue of $436.70 million during the quarter, compared to analysts' expectations of $416.40 million. During the same period in the previous year, the company earned $1.39 earnings per share. Materion's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, analysts forecast that Materion Co. will post 5.24 EPS for the current fiscal year.

Materion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 annualized dividend and a yield of 0.46%. Materion's dividend payout ratio (DPR) is 15.21%.

Insider Buying and Selling

In related 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 transaction of $235,140.00. Following the transaction, the vice president now owns 12,031 shares of the company's stock, valued at $1,414,484.67. This trade represents a 14.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

About Materion

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.