Mutual of America Capital Management LLC Has $5.31 Million Position in Materion Co. (NYSE:MTRN)

Mutual of America Capital Management LLC grew its holdings in shares of Materion Co. (NYSE:MTRN - Free Report) by 69.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,467 shares of the basic materials company's stock after purchasing an additional 19,483 shares during the period. Mutual of America Capital Management LLC owned approximately 0.23% of Materion worth $5,310,000 as of its most recent filing with the Securities and Exchange Commission.

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

Materion Stock Up 0.5 %

NYSE:MTRN traded up $0.60 during trading hours on Thursday, hitting $112.97. 62,654 shares of the company's stock traded hands, compared to its average volume of 98,500. Materion Co. has a twelve month low of $96.18 and a twelve month high of $145.08. The firm has a market cap of $2.34 billion, a P/E ratio of 31.82 and a beta of 1.19. 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 stock's fifty day moving average price is $108.54 and its two-hundred day moving average price is $110.43.

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 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 analyst estimates of $416.40 million. During the same period in the prior year, the firm earned $1.39 earnings per share. The firm's revenue was up 8.3% compared to the same quarter last year. On average, research analysts expect that Materion Co. will post 5.24 earnings per share for the current fiscal year.

Materion Dividend Announcement

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

Insider Transactions at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was 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 of the company's stock, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.