Materion Co. (NYSE:MTRN) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its stake in shares of Materion Co. (NYSE:MTRN) by 43.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,897 shares of the basic materials company’s stock after acquiring an additional 10,566 shares during the quarter. King Luther Capital Management Corp owned 0.17% of Materion worth $3,904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Arizona State Retirement System raised its holdings in Materion by 1.9% during the second quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock valued at $625,000 after buying an additional 107 shares in the last quarter. Dakota Wealth Management raised its position in Materion by 1.8% in the 2nd quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock worth $1,210,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Materion by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock valued at $1,125,000 after acquiring an additional 200 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of Materion by 6.4% in the 3rd quarter. Confluence Investment Management LLC now owns 3,827 shares of the basic materials company’s stock valued at $428,000 after buying an additional 231 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in Materion in the 2nd quarter worth $25,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insiders Place Their Bets

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the business’s 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 transaction, the vice president now owns 12,031 shares in the company, valued at $1,414,484.67. The trade was a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Materion Price Performance

Shares of NYSE MTRN opened at $116.83 on Friday. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. Materion Co. has a 1-year low of $96.18 and a 1-year high of $145.08. The firm has a market capitalization of $2.42 billion, a P/E ratio of 32.91 and a beta of 1.19. The firm’s 50-day moving average price is $108.54 and its 200-day moving average price is $110.43.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share 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 firm had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. During the same period in the prior year, the firm earned $1.39 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that Materion Co. will post 5.24 earnings per share for the current fiscal year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, November 14th. Materion’s dividend payout ratio is currently 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.