Atria Investments Inc Cuts Stock Position in Materion Co. (NYSE:MTRN)

Atria Investments Inc reduced its holdings in Materion Co. (NYSE:MTRN) by 9.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,273 shares of the basic materials company’s stock after selling 229 shares during the period. Atria Investments Inc’s holdings in Materion were worth $254,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new position in Materion in the second quarter worth about $25,000. Quest Partners LLC boosted its holdings in shares of Materion by 25,600.0% in the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 256 shares during the period. Lynx Investment Advisory bought a new position in shares of Materion during the 2nd quarter valued at approximately $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. bought a new stake in Materion in the second quarter worth $92,000. 93.56% of the stock is currently owned by institutional investors.

Materion Trading Up 3.4 %

MTRN opened at $116.76 on Friday. Materion Co. has a one year low of $96.18 and a one year high of $145.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 32.89 and a beta of 1.19. The stock’s 50 day moving average price is $108.77 and its 200-day moving average price is $110.49.

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, hitting analysts’ consensus estimates of $1.41. The business had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 earnings per share. On average, equities analysts forecast that Materion Co. will post 5.24 EPS for the current year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given a $0.135 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 annualized dividend and a yield of 0.46%. Materion’s dividend payout ratio (DPR) is 15.21%.

Analyst Ratings Changes

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

Insider Transactions at Materion

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the 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 transaction, the vice president now owns 12,031 shares of the company’s stock, valued at approximately $1,414,484.67. This represents a 14.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.30% of the company’s stock.

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.