Natixis Advisors LLC Purchases 18,836 Shares of Materion Co. (NYSE:MTRN)

Natixis Advisors LLC grew its holdings in Materion Co. (NYSE:MTRN) by 18.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,813 shares of the basic materials company’s stock after acquiring an additional 18,836 shares during the period. Natixis Advisors LLC’s holdings in Materion were worth $13,514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ceredex Value Advisors LLC purchased a new position in shares of Materion during the 2nd quarter valued at about $12,938,000. F M Investments LLC bought a new position in shares of Materion in the second quarter worth approximately $11,643,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Materion by 31.3% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock valued at $48,010,000 after buying an additional 105,969 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Materion by 21.8% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 538,975 shares of the basic materials company’s stock worth $58,280,000 after buying an additional 96,525 shares in the last quarter. Finally, abrdn plc raised its holdings in Materion by 19.8% during the third quarter. abrdn plc now owns 258,728 shares of the basic materials company’s stock valued at $28,941,000 after acquiring an additional 42,717 shares during the period. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Materion

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the sale, the vice president now directly owns 12,031 shares of the company’s stock, valued at $1,414,484.67. This trade represents a 14.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Materion Stock Up 0.8 %

Shares of MTRN stock opened at $112.37 on Thursday. The company’s fifty day simple moving average is $108.34 and its two-hundred day simple moving average is $110.41. Materion Co. has a 52 week low of $96.18 and a 52 week high of $145.08. The stock has a market cap of $2.33 billion, a P/E ratio of 31.65 and a beta of 1.19. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The company had revenue of $436.70 million during the quarter, compared to analyst estimates of $416.40 million. During the same period in the prior year, the company earned $1.39 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. Analysts predict that Materion Co. will post 5.24 EPS for the current fiscal year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.48%. The ex-dividend date is Thursday, November 14th. Materion’s dividend payout ratio is presently 15.21%.

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.