SG Americas Securities LLC grew its position in Materion Co. (NYSE:MTRN – Get Rating) by 64.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,176 shares of the basic materials company's stock after purchasing an additional 4,774 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Materion worth $974,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Money Concepts Capital Corp grew its position in shares of Materion by 6.3% in the 3rd quarter. Money Concepts Capital Corp now owns 3,142 shares of the basic materials company's stock valued at $251,000 after buying an additional 187 shares during the last quarter. Synovus Financial Corp grew its position in shares of Materion by 3.2% in the 3rd quarter. Synovus Financial Corp now owns 11,279 shares of the basic materials company's stock valued at $901,000 after buying an additional 351 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Materion by 26.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,079 shares of the basic materials company's stock valued at $646,000 after buying an additional 1,695 shares during the last quarter. Whittier Trust Co. purchased a new position in shares of Materion in the 3rd quarter valued at $40,000. Finally, Gilman Hill Asset Management LLC grew its position in shares of Materion by 11.3% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 31,534 shares of the basic materials company's stock valued at $2,523,000 after buying an additional 3,195 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.
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Wall Street Analysts Forecast Growth
A number of research firms recently commented on MTRN. KeyCorp increased their target price on shares of Materion from $90.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, December 21st. StockNews.com initiated coverage on shares of Materion in a research report on Wednesday, October 12th. They set a "hold" rating on the stock.
Materion Trading Down 3.7 %
Shares of Materion stock opened at $90.36 on Thursday. Materion Co. has a 1 year low of $64.89 and a 1 year high of $97.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 3.51. The company has a market capitalization of $1.85 billion, a P/E ratio of 24.36 and a beta of 1.12. The company's fifty day moving average is $85.12 and its two-hundred day moving average is $82.98.
Materion (NYSE:MTRN – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.26). Materion had a return on equity of 13.42% and a net margin of 4.47%. The business had revenue of $428.19 million for the quarter, compared to analysts' expectations of $452.30 million. Analysts forecast that Materion Co. will post 5.19 earnings per share for the current year.
Materion Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 8th. Stockholders of record on Wednesday, November 16th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Tuesday, November 15th. Materion's dividend payout ratio (DPR) is presently 13.48%.
Materion Company Profile
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Materion Corporation, through 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. It operates through Performance Alloys and Composites, Advanced Materials, and Precision Optics segments.
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