Materion Co. (NYSE:MTRN) Holdings Trimmed by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its holdings in Materion Co. (NYSE:MTRN) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,876 shares of the basic materials company’s stock after selling 250 shares during the quarter. Rice Hall James & Associates LLC owned 0.12% of Materion worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new stake in shares of Materion in the 2nd quarter valued at approximately $25,000. Quest Partners LLC boosted its position 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 worth $28,000 after buying an additional 256 shares during the period. Lynx Investment Advisory purchased a new position in shares of Materion during the second quarter valued at $38,000. Brown Lisle Cummings Inc. acquired a new position in Materion during the second quarter valued at $92,000. Finally, SG Americas Securities LLC purchased a new stake in Materion in the 1st quarter worth about $150,000. Institutional investors own 93.56% of the company’s stock.

Analyst Ratings Changes

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

Materion Stock Performance

Shares of MTRN opened at $105.12 on Friday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 29.59 and a beta of 1.17. The company’s fifty day moving average is $107.16 and its 200-day moving average is $110.79. The company has a quick ratio of 1.21, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. Materion Co. has a 12 month low of $96.18 and a 12 month high of $145.08.

Materion (NYSE:MTRN) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. During the same period in the prior year, the business posted $1.39 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts expect that Materion Co. will post 5.25 EPS for the current fiscal year.

Materion Dividend Announcement

The business 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. The ex-dividend date is Thursday, November 14th. This represents a $0.54 annualized dividend and a yield of 0.51%. Materion’s dividend payout ratio (DPR) is currently 15.21%.

Materion Company 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.