Aurora Investment Counsel Sells 175 Shares of Materion Co. (NYSE:MTRN)

Aurora Investment Counsel decreased its position in Materion Co. (NYSE:MTRN) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,325 shares of the basic materials company’s stock after selling 175 shares during the period. Aurora Investment Counsel’s holdings in Materion were worth $684,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MTRN. Arizona State Retirement System lifted its stake in shares of Materion by 1.9% in the second quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock worth $625,000 after buying an additional 107 shares in the last quarter. Dakota Wealth Management boosted its stake in Materion by 1.8% during the 2nd quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock valued at $1,210,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Materion by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock valued at $1,125,000 after purchasing an additional 200 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Materion in the 2nd quarter worth $25,000. Finally, Texas Permanent School Fund Corp raised its stake in shares of Materion by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 18,066 shares of the basic materials company’s stock worth $2,380,000 after purchasing an additional 239 shares during the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Materion Stock Down 0.6 %

MTRN opened at $111.73 on Tuesday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 28.00 and a beta of 1.18. The firm has a 50 day moving average price of $111.44 and a 200-day moving average price of $114.56. Materion Co. has a twelve month low of $92.23 and a twelve 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.

Materion (NYSE:MTRN) last announced 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. The business had revenue of $425.87 million during 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 company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS. Equities research analysts forecast that Materion Co. will post 5.74 earnings per share for the current year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a $0.135 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.54 annualized dividend and a yield of 0.48%. 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.