7,000 Shares in Materion Co. (NYSE:MTRN) Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT acquired a new position in shares of Materion Co. (NYSE:MTRN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,000 shares of the basic materials company’s stock, valued at approximately $757,000.

A number of other large investors have also recently bought and sold shares of MTRN. Vaughan Nelson Investment Management L.P. raised its position in shares of Materion by 83.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 442,450 shares of the basic materials company’s stock valued at $58,293,000 after buying an additional 201,835 shares in the last quarter. Norges Bank acquired a new position in Materion during the fourth quarter valued at approximately $16,369,000. Ceredex Value Advisors LLC bought a new stake in Materion during the second quarter worth $12,938,000. F M Investments LLC acquired a new stake in shares of Materion in the 2nd quarter valued at $11,643,000. Finally, Jennison Associates LLC increased its stake in shares of Materion by 29.7% in the 1st quarter. Jennison Associates LLC now owns 262,121 shares of the basic materials company’s stock valued at $34,534,000 after purchasing an additional 60,030 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Materion Trading Up 4.2 %

MTRN opened at $111.22 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.25 and a quick ratio of 1.21. Materion Co. has a fifty-two week low of $92.23 and a fifty-two week high of $145.08. The company’s 50 day moving average price is $112.30 and its two-hundred day moving average price is $115.95. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 27.87 and a beta of 1.18.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.03. The company had revenue of $425.87 million for the quarter, compared to analysts’ expectations of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. Materion’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share. As a group, research analysts predict that Materion Co. will post 5.74 earnings per share for the current year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Friday, August 23rd. Materion’s dividend payout ratio is currently 13.53%.

Materion 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.