F M Investments LLC Trims Holdings in Materion Co. (NYSE:MTRN)

F M Investments LLC lessened its stake in shares of Materion Co. (NYSE:MTRN - Free Report) by 23.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,942 shares of the basic materials company's stock after selling 24,736 shares during the quarter. F M Investments LLC owned about 0.40% of Materion worth $9,278,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MTRN. Ceredex Value Advisors LLC purchased a new stake in Materion in the 2nd quarter valued at $12,938,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in Materion by 31.3% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company's stock valued at $48,010,000 after purchasing an additional 105,969 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Materion by 21.8% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 538,975 shares of the basic materials company's stock valued at $58,280,000 after purchasing an additional 96,525 shares during the last quarter. Jennison Associates LLC raised its position in Materion by 29.7% in the 1st quarter. Jennison Associates LLC now owns 262,121 shares of the basic materials company's stock valued at $34,534,000 after purchasing an additional 60,030 shares during the last quarter. Finally, abrdn plc raised its position in Materion by 19.8% in the 3rd quarter. abrdn plc now owns 258,728 shares of the basic materials company's stock valued at $28,941,000 after purchasing an additional 42,717 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company's stock.

Materion Stock Performance

MTRN traded up $3.43 during trading on Friday, hitting $105.06. The stock had a trading volume of 83,898 shares, compared to its average volume of 98,551. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.15. The firm has a market capitalization of $2.18 billion, a P/E ratio of 29.59 and a beta of 1.17. The company's 50-day moving average price is $106.88 and its 200 day moving average price is $110.65. Materion Co. has a twelve month low of $96.18 and a twelve month high of $145.08.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. The company had revenue of $436.70 million for the quarter, compared to analysts' expectations of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. Materion's revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. On average, equities research analysts forecast that Materion Co. will post 5.25 EPS for the current fiscal year.

Materion Announces Dividend

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 paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.51%. Materion's dividend payout ratio (DPR) is presently 15.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Materion from a "sell" rating to a "hold" rating in a research note 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.