King Luther Capital Management Corp Buys Shares of 24,331 Materion Co. (NYSE:MTRN)

King Luther Capital Management Corp purchased a new position in Materion Co. (NYSE:MTRN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,331 shares of the basic materials company’s stock, valued at approximately $2,631,000. King Luther Capital Management Corp owned approximately 0.12% of Materion at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MTRN. Opal Wealth Advisors LLC bought a new position in shares of Materion in the 2nd quarter worth $25,000. Quest Partners LLC raised its position 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 worth $28,000 after acquiring an additional 256 shares in the last quarter. Lynx Investment Advisory acquired a new stake in Materion in the second quarter valued at approximately $38,000. Brown Lisle Cummings Inc. purchased a new position in Materion in the second quarter worth $92,000. Finally, SG Americas Securities LLC acquired a new position in shares of Materion during the first quarter worth $150,000. 93.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Materion Stock Performance

Shares of Materion stock opened at $108.07 on Friday. The company has a 50 day moving average price of $112.25 and a 200 day moving average price of $115.60. The firm has a market capitalization of $2.24 billion, a P/E ratio of 27.09 and a beta of 1.18. The company has a quick ratio of 1.21, a current ratio of 3.25 and a debt-to-equity ratio of 0.51. Materion Co. has a 52 week low of $92.23 and a 52 week high of $145.08.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $425.87 million during 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%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $1.38 earnings per share. Sell-side analysts expect that Materion Co. will post 5.74 EPS for the current year.

Materion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a $0.135 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.50%. Materion’s dividend payout ratio is currently 13.53%.

Materion Company 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.