Materion Co. (NYSE:MTRN) Shares Bought by Inspire Investing LLC

Inspire Investing LLC raised its holdings in Materion Co. (NYSE:MTRN) by 19.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,243 shares of the basic materials company’s stock after acquiring an additional 522 shares during the period. Inspire Investing LLC’s holdings in Materion were worth $351,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Materion during the 2nd quarter worth approximately $757,000. Renaissance Technologies LLC increased its holdings in shares of Materion by 164.0% during the 2nd quarter. Renaissance Technologies LLC now owns 35,900 shares of the basic materials company’s stock worth $3,882,000 after buying an additional 22,300 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Materion during the 2nd quarter worth approximately $276,000. Dimensional Fund Advisors LP increased its holdings in shares of Materion by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,213,367 shares of the basic materials company’s stock worth $131,201,000 after buying an additional 12,454 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Materion by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 34,068 shares of the basic materials company’s stock worth $3,684,000 after buying an additional 4,274 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Stock Performance

NYSE:MTRN opened at $106.84 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.25. The stock has a market capitalization of $2.21 billion, a P/E ratio of 26.78 and a beta of 1.18. The company has a 50 day moving average price of $112.08 and a 200 day moving average price of $115.30. Materion Co. has a fifty-two week low of $92.23 and a fifty-two week high of $145.08.

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

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a dividend of $0.135 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.51%. Materion’s payout ratio is currently 13.53%.

Wall Street Analyst Weigh In

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

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.