Materion Co. (NYSE:MTRN) is Mountaineer Partners Management LLC's 5th Largest Position

Mountaineer Partners Management LLC grew its position in shares of Materion Co. (NYSE:MTRN - Free Report) by 9,463.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,147,463 shares of the basic materials company's stock after buying an additional 9,051,813 shares during the period. Materion accounts for 8.5% of Mountaineer Partners Management LLC's investment portfolio, making the stock its 5th largest position. Mountaineer Partners Management LLC owned about 44.08% of Materion worth $1,023,235,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Materion by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,965 shares of the basic materials company's stock worth $1,577,000 after purchasing an additional 738 shares in the last quarter. Gilman Hill Asset Management LLC raised its holdings in shares of Materion by 5.9% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 34,247 shares of the basic materials company's stock valued at $3,703,000 after acquiring an additional 1,909 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Materion in the 2nd quarter valued at about $25,000. Chatham Capital Group Inc. raised its holdings in shares of Materion by 1.4% in the 2nd quarter. Chatham Capital Group Inc. now owns 19,697 shares of the basic materials company's stock valued at $2,130,000 after acquiring an additional 265 shares in the last quarter. Finally, Brown Lisle Cummings Inc. bought a new position in shares of Materion during the 2nd quarter valued at about $92,000. Hedge funds and other institutional investors own 93.56% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Materion

In other news, CFO Shelly Marie Chadwick sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $115.92, for a total value of $115,920.00. Following the completion of the transaction, the chief financial officer now owns 13,200 shares in the company, valued at $1,530,144. This trade represents a 7.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gregory R. Chemnitz sold 2,000 shares of the firm's 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

Materion Price Performance

Shares of Materion stock traded down $0.80 during trading on Wednesday, hitting $113.58. 28,037 shares of the stock traded hands, compared to its average volume of 97,565. The firm's fifty day moving average is $109.95 and its 200-day moving average is $110.59. 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 Co. has a 52 week low of $96.18 and a 52 week high of $145.08. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 32.22 and a beta of 1.21.

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

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be given a $0.135 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.48%. Materion's dividend payout ratio is currently 15.21%.

Materion 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.