American Century Companies Inc. Has $3.68 Million Holdings in Materion Co. (NYSE:MTRN)

American Century Companies Inc. lifted its stake in shares of Materion Co. (NYSE:MTRN) by 14.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,068 shares of the basic materials company’s stock after buying an additional 4,274 shares during the quarter. American Century Companies Inc. owned about 0.16% of Materion worth $3,684,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in shares of Materion during the second quarter worth approximately $25,000. Quest Partners LLC lifted its stake in shares of Materion by 25,600.0% in the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock valued at $28,000 after buying an additional 256 shares in the last quarter. Lynx Investment Advisory acquired a new position in shares of Materion during the second quarter valued at about $38,000. Brown Lisle Cummings Inc. acquired a new position in shares of Materion during the second quarter valued at about $92,000. Finally, SG Americas Securities LLC bought a new stake in shares of Materion during the first quarter worth about $150,000. 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 note on Thursday, August 8th.

Materion Trading Up 2.2 %

NYSE MTRN opened at $111.12 on Friday. The company has a current ratio of 3.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $111.58 and a 200 day simple moving average of $115.06. Materion Co. has a 12 month low of $92.23 and a 12 month high of $145.08. The firm has a market capitalization of $2.30 billion, a P/E ratio of 27.85 and a beta of 1.18.

Materion (NYSE:MTRN) last released its quarterly 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. The company had revenue of $425.87 million for the quarter, compared to analyst estimates of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.38 earnings per share. On average, analysts predict that Materion Co. will post 5.74 EPS for the current fiscal year.

Materion Announces Dividend

The firm also recently declared 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. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, August 23rd. Materion’s payout ratio is 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.