Quest Partners LLC Purchases 256 Shares of Materion Co. (NYSE:MTRN)

Quest Partners LLC increased its position in shares of Materion Co. (NYSE:MTRN) by 25,600.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 257 shares of the basic materials company’s stock after acquiring an additional 256 shares during the quarter. Quest Partners LLC’s holdings in Materion were worth $28,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Materion during the 2nd quarter worth $25,000. Lynx Investment Advisory bought a new position in shares of Materion in the 2nd quarter worth $38,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Materion during the second quarter worth $92,000. SG Americas Securities LLC bought a new stake in Materion in the first quarter valued at about $150,000. Finally, Brown Advisory Inc. acquired a new position in Materion in the fourth quarter valued at about $208,000. Institutional investors own 93.56% of the company’s stock.

Analyst Ratings Changes

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

Materion Price Performance

Shares of MTRN stock opened at $108.07 on Friday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 27.09 and a beta of 1.18. Materion Co. has a 12-month low of $92.23 and a 12-month high of $145.08. The company has a quick ratio of 1.21, a current ratio of 3.25 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $112.31 and a 200-day moving average of $115.92.

Materion (NYSE:MTRN) last posted its 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 return on equity of 12.20% and a net margin of 4.80%. Materion’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 EPS. On average, equities research analysts forecast that Materion Co. will post 5.74 earnings per share for the current year.

Materion Dividend Announcement

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

About Materion

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.