Anchor Investment Management LLC Has $87,000 Holdings in Materion Co. (NYSE:MTRN)

Anchor Investment Management LLC decreased its holdings in Materion Co. (NYSE:MTRN) by 23.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 800 shares of the basic materials company’s stock after selling 250 shares during the quarter. Anchor Investment Management LLC’s holdings in Materion were worth $87,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Materion by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,553,237 shares of the basic materials company’s stock valued at $336,389,000 after buying an additional 12,041 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in 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 acquiring an additional 12,454 shares during the period. Trigran Investments Inc. raised its holdings in Materion by 1.9% in the 4th quarter. Trigran Investments Inc. now owns 687,794 shares of the basic materials company’s stock valued at $89,503,000 after acquiring an additional 12,500 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Materion by 21.8% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 538,975 shares of the basic materials company’s stock valued at $58,280,000 after acquiring an additional 96,525 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Materion by 31.3% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock worth $48,010,000 after purchasing an additional 105,969 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised 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 $105.49 on Friday. The company has a 50 day moving average of $110.25 and a 200-day moving average of $114.04. The company has a market cap of $2.19 billion, a PE ratio of 26.44 and a beta of 1.17. The company has a current ratio of 3.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51. Materion Co. has a 1-year low of $92.23 and a 1-year high of $145.08.

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

Materion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a $0.135 dividend. 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 dividend payout ratio (DPR) 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.