abrdn plc Raises Stock Position in Materion Co. (NYSE:MTRN)

abrdn plc boosted its holdings in Materion Co. (NYSE:MTRN - Free Report) by 19.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 258,728 shares of the basic materials company's stock after purchasing an additional 42,717 shares during the quarter. abrdn plc owned about 1.25% of Materion worth $28,941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MTRN. Opal Wealth Advisors LLC bought a new position in shares of Materion during the second quarter valued at approximately $25,000. Quest Partners LLC increased its stake in shares of 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 purchasing an additional 256 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of Materion during the second quarter valued at approximately $38,000. Brown Lisle Cummings Inc. bought a new position in shares of Materion during the second quarter valued at approximately $92,000. Finally, SG Americas Securities LLC bought a new position in shares of Materion during the first quarter valued at approximately $150,000. Institutional investors own 93.56% of the company's stock.

Analysts Set New Price Targets

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

Materion Stock Down 3.4 %

Shares of MTRN traded down $3.54 on Thursday, hitting $101.77. 88,035 shares of the stock traded hands, compared to its average volume of 98,621. The company has a market capitalization of $2.11 billion, a PE ratio of 25.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.25. The business has a 50 day simple moving average of $107.39 and a 200 day simple moving average of $110.85. Materion Co. has a one year low of $96.08 and a one year high of $145.08.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting the consensus estimate of $1.41. The company had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share. As a group, equities analysts forecast that Materion Co. will post 5.25 earnings per share for the current fiscal year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Thursday, November 14th. Materion's dividend payout ratio (DPR) is currently 13.53%.

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.