Natixis Advisors LLC Has $13.51 Million Holdings in Materion Co. (NYSE:MTRN)

Natixis Advisors LLC raised its stake in Materion Co. (NYSE:MTRN - Free Report) by 18.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 120,813 shares of the basic materials company's stock after purchasing an additional 18,836 shares during the period. Natixis Advisors LLC owned 0.58% of Materion worth $13,514,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in Materion in the second quarter worth $25,000. Quest Partners LLC boosted its holdings in shares of Materion by 25,600.0% in the 2nd 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 during the period. Lynx Investment Advisory bought a new stake in shares of Materion during the 2nd quarter valued at about $38,000. ARK Investment Management LLC acquired a new stake in Materion during the third quarter worth about $85,000. Finally, Brown Lisle Cummings Inc. bought a new position in Materion in the second quarter worth about $92,000. Institutional investors and hedge funds own 93.56% of the company's stock.

Materion Stock Up 0.8 %

Materion stock opened at $112.37 on Thursday. Materion Co. has a one year low of $96.18 and a one year high of $145.08. 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 $2.33 billion, a P/E ratio of 31.65 and a beta of 1.19. The company has a 50-day simple moving average of $108.34 and a 200-day simple moving average of $110.41.

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 (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 during the quarter, compared to the consensus estimate of $416.40 million. During the same period in the previous year, the firm posted $1.39 earnings per share. The business's revenue was up 8.3% on a year-over-year basis. As a group, equities analysts expect that Materion Co. will post 5.24 earnings per share for the current year.

Materion Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Thursday, November 14th. Materion's dividend payout ratio (DPR) is 15.21%.

Analyst Ratings Changes

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

Insider Activity 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 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 in the company, valued at $1,414,484.67. This trade represents a 14.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.60% of the company's stock.

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.