Confluence Investment Management LLC Has $428,000 Position in Materion Co. (NYSE:MTRN)

Confluence Investment Management LLC lifted its holdings in shares of Materion Co. (NYSE:MTRN) by 6.4% during the 3rd quarter, Holdings Channel reports. The firm owned 3,827 shares of the basic materials company’s stock after purchasing an additional 231 shares during the quarter. Confluence Investment Management LLC’s holdings in Materion were worth $428,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Arizona State Retirement System increased its stake in Materion by 1.9% in the second quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 107 shares in the last quarter. Dakota Wealth Management raised its stake in Materion by 1.8% during the 2nd quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock worth $1,210,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Materion by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock worth $1,125,000 after acquiring an additional 200 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Materion in the second quarter valued at approximately $25,000. Finally, Texas Permanent School Fund Corp increased its holdings in shares of Materion by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 18,066 shares of the basic materials company’s stock valued at $2,380,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

Materion Trading Up 1.4 %

MTRN opened at $119.34 on Friday. Materion Co. has a fifty-two week low of $96.18 and a fifty-two week high of $145.08. The firm has a market capitalization of $2.48 billion, a PE ratio of 33.62 and a beta of 1.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. The company’s 50-day moving average is $106.71 and its 200 day moving average is $110.38.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. The firm had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 earnings per share. As a group, research analysts predict that Materion Co. will post 5.24 earnings per share for the current fiscal year.

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 yield of 0.45%. The ex-dividend date of this dividend is Thursday, November 14th. Materion’s dividend payout ratio is 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.