Segall Bryant & Hamill LLC Purchases 11,198 Shares of Materion Co. (NYSE:MTRN)

Segall Bryant & Hamill LLC boosted its holdings in Materion Co. (NYSE:MTRN - Free Report) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 221,086 shares of the basic materials company's stock after acquiring an additional 11,198 shares during the quarter. Segall Bryant & Hamill LLC owned 1.07% of Materion worth $24,731,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of Materion in the 2nd quarter worth approximately $25,000. Quest Partners LLC lifted its position in Materion by 25,600.0% during the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 256 shares during the period. Lynx Investment Advisory bought a new position in shares of Materion during the second quarter valued at $38,000. ARK Investment Management LLC purchased a new stake in Materion during the 3rd quarter valued at $85,000. Finally, Brown Lisle Cummings Inc. purchased a new position in shares of Materion during the second quarter valued at approximately $92,000. 93.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the sale, the vice president now directly owns 12,031 shares in the company, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Materion Price Performance

MTRN traded down $1.32 during trading on Wednesday, reaching $110.18. 19,118 shares of the company traded hands, compared to its average volume of 98,429. 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 Co. has a 12-month low of $96.18 and a 12-month high of $145.08. The firm has a fifty day simple moving average of $108.14 and a 200 day simple moving average of $110.40. The company has a market cap of $2.29 billion, a P/E ratio of 31.43 and a beta of 1.19.

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 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 last year, the firm posted $1.39 EPS. The company's revenue was up 8.3% on a year-over-year basis. On average, equities analysts forecast that Materion Co. will post 5.24 EPS for the current year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Thursday, November 14th. Materion's dividend payout ratio (DPR) 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.