Materion Co. (NYSE:MTRN) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Materion Co. (NYSE:MTRN - Free Report) by 18.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,813 shares of the basic materials company's stock after buying an additional 18,836 shares during the period. Natixis Advisors LLC owned about 0.58% of Materion worth $13,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in MTRN. Opal Wealth Advisors LLC acquired a new position in Materion in the 2nd quarter valued at $25,000. Quest Partners LLC increased its holdings in shares of Materion by 25,600.0% in the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 256 shares during the last quarter. Lynx Investment Advisory purchased a new position in Materion during the second quarter worth approximately $38,000. ARK Investment Management LLC acquired a new position in Materion during the third quarter worth $85,000. Finally, Brown Lisle Cummings Inc. purchased a new stake in Materion in the 2nd quarter valued at $92,000. Institutional investors and hedge funds own 93.56% of the company's stock.

Insider Activity

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $117.57, for a total transaction of $235,140.00. Following the sale, the vice president now owns 12,031 shares of the company's stock, valued at approximately $1,414,484.67. This represents a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

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

Materion Trading Up 0.5 %

Shares of NYSE MTRN traded up $0.60 during midday trading on Thursday, reaching $112.97. 62,654 shares of the stock were exchanged, 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 stock has a market capitalization of $2.34 billion, a P/E ratio of 31.82 and a beta of 1.19. The company has a 50 day simple moving average of $108.54 and a 200 day simple moving average of $110.43. 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 posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting analysts' consensus estimates of $1.41. The company had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share. As a group, equities analysts expect that Materion Co. will post 5.24 earnings per share for the current year.

Materion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given 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 is presently 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.