Victory Capital Management Inc. Has $811,000 Holdings in Materion Co. (NYSE:MTRN)

Victory Capital Management Inc. trimmed its position in Materion Co. (NYSE:MTRN - Free Report) by 94.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,247 shares of the basic materials company's stock after selling 126,693 shares during the period. Victory Capital Management Inc.'s holdings in Materion were worth $811,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MTRN. GSA Capital Partners LLP acquired a new position in Materion during the 3rd quarter worth approximately $318,000. Confluence Investment Management LLC raised its stake in Materion by 6.4% during the third quarter. Confluence Investment Management LLC now owns 3,827 shares of the basic materials company's stock worth $428,000 after acquiring an additional 231 shares during the period. ARK Investment Management LLC acquired a new position in Materion during the 3rd quarter valued at approximately $85,000. Consolidated Planning Corp bought a new position in shares of Materion during the third quarter worth about $301,000. Finally, Ceredex Value Advisors LLC grew its position in Materion by 8.9% in the 3rd quarter. Ceredex Value Advisors LLC now owns 130,350 shares of the basic materials company's stock worth $14,581,000 after purchasing an additional 10,700 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.

Insider Transactions at Materion

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the company's stock in a transaction 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 transaction, the vice president now directly owns 12,031 shares in the company, valued at $1,414,484.67. The trade was a 14.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by insiders.

Materion Stock Performance

Shares of NYSE:MTRN traded up $0.27 on Thursday, hitting $115.61. 63,734 shares of the company were exchanged, compared to its average volume of 98,311. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 32.57 and a beta of 1.19. Materion Co. has a one year low of $96.18 and a one year high of $145.08. The company's 50 day moving average price is $109.37 and its two-hundred day moving average price is $110.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15.

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

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a $0.135 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 annualized dividend and a yield of 0.47%. Materion's dividend payout ratio is currently 15.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Materion from a "sell" rating to a "hold" rating in a research note 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.