WealthTrust Axiom LLC bought a new position in shares of Materion Corp (NYSE:MTRN) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,300 shares of the basic materials company’s stock, valued at approximately $325,000.

A number of other hedge funds have also recently added to or reduced their stakes in MTRN. Nuveen Asset Management LLC acquired a new stake in Materion during the second quarter valued at approximately $26,938,000. BlackRock Inc. boosted its holdings in Materion by 5.8% during the second quarter. BlackRock Inc. now owns 3,266,269 shares of the basic materials company’s stock valued at $221,486,000 after purchasing an additional 178,493 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Materion by 54.4% during the second quarter. Renaissance Technologies LLC now owns 264,800 shares of the basic materials company’s stock valued at $17,956,000 after purchasing an additional 93,300 shares in the last quarter. Morgan Stanley boosted its holdings in Materion by 69.0% during the second quarter. Morgan Stanley now owns 173,383 shares of the basic materials company’s stock valued at $11,759,000 after purchasing an additional 70,773 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Materion by 89.1% during the second quarter. Fisher Asset Management LLC now owns 145,777 shares of the basic materials company’s stock valued at $9,885,000 after purchasing an additional 68,684 shares in the last quarter. 87.58% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on MTRN shares. ValuEngine raised Materion from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Zacks Investment Research downgraded Materion from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th.

Shares of MTRN traded down $0.09 on Friday, hitting $59.07. The company’s stock had a trading volume of 51,885 shares, compared to its average volume of 122,692. The company has a market capitalization of $1.21 billion, a PE ratio of 24.82 and a beta of 0.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.75 and a quick ratio of 2.23. Materion Corp has a fifty-two week low of $42.50 and a fifty-two week high of $71.97. The company has a 50 day moving average price of $60.03 and a 200 day moving average price of $62.31.

Materion (NYSE:MTRN) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. The business had revenue of $305.98 million for the quarter, compared to the consensus estimate of $295.45 million. Materion had a return on equity of 11.28% and a net margin of 1.25%. Materion’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. On average, equities analysts forecast that Materion Corp will post 3.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 8th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 7th. Materion’s payout ratio is currently 18.49%.

Materion Profile

Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

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Institutional Ownership by Quarter for Materion (NYSE:MTRN)

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