Orion Portfolio Solutions LLC Sells 260 Shares of Materion Co. (NYSE:MTRN)

Orion Portfolio Solutions LLC decreased its holdings in shares of Materion Co. (NYSE:MTRN) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,144 shares of the basic materials company’s stock after selling 260 shares during the period. Orion Portfolio Solutions LLC’s holdings in Materion were worth $352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTRN. Quest Partners LLC raised 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 valued at $28,000 after acquiring an additional 256 shares in the last quarter. ARK Investment Management LLC purchased a new stake in Materion in the third quarter valued at approximately $85,000. Algert Global LLC bought a new stake in Materion during the second quarter valued at approximately $225,000. Deerfield Management Company L.P. Series C purchased a new position in Materion in the 2nd quarter worth approximately $247,000. Finally, Centiva Capital LP bought a new position in shares of Materion in the 3rd quarter worth $259,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Stock Performance

Materion stock opened at $100.33 on Thursday. Materion Co. has a fifty-two week low of $96.18 and a fifty-two week high of $145.08. The firm’s fifty day moving average price is $110.94 and its 200-day moving average price is $110.42. The stock has a market cap of $2.08 billion, a P/E ratio of 28.26 and a beta of 1.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The firm had revenue of $436.70 million during 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 company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. On average, equities research analysts expect that Materion Co. will post 5.24 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Thursday, November 14th. Materion’s payout ratio is currently 15.21%.

Insiders Place Their Bets

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the company’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 completion of the sale, the vice president now directly owns 12,031 shares in the company, valued at $1,414,484.67. This represents a 14.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,000 shares of Materion stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total value of $115,920.00. Following the completion of the transaction, the chief financial officer now owns 13,200 shares in the company, valued at approximately $1,530,144. This represents a 7.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

About Materion

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.