Materion Co. (NYSE:MTRN) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in Materion Co. (NYSE:MTRN) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,327 shares of the basic materials company’s stock after selling 227 shares during the period. Amalgamated Bank’s holdings in Materion were worth $684,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MTRN. Opal Wealth Advisors LLC acquired a new stake in Materion in the 2nd quarter valued at $25,000. Quest Partners LLC increased its holdings in Materion by 25,600.0% in the 2nd 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 acquired a new stake in Materion in the 2nd quarter valued at $38,000. Brown Lisle Cummings Inc. acquired a new stake in Materion in the 2nd quarter valued at $92,000. Finally, SG Americas Securities LLC acquired a new stake in Materion in the 1st quarter valued at $150,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Stock Performance

Shares of NYSE MTRN opened at $112.43 on Friday. The company has a quick ratio of 1.21, a current ratio of 3.25 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $111.52 and its two-hundred day moving average price is $114.81. Materion Co. has a 52-week low of $92.23 and a 52-week high of $145.08. The stock has a market capitalization of $2.33 billion, a P/E ratio of 28.18 and a beta of 1.18.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. Materion had a net margin of 4.80% and a return on equity of 12.20%. The company had revenue of $425.87 million for the quarter, compared to analyst estimates of $424.02 million. During the same quarter last year, the business earned $1.38 earnings per share. Materion’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Materion Co. will post 5.74 earnings per share for the current year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.48%. Materion’s dividend payout ratio is presently 13.53%.

Wall Street Analysts Forecast Growth

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

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.