Creative Planning Grows Position in Materion Co. (NYSE:MTRN)

Creative Planning increased its position in shares of Materion Co. (NYSE:MTRN) by 38.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,792 shares of the basic materials company’s stock after buying an additional 776 shares during the quarter. Creative Planning’s holdings in Materion were worth $312,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ceredex Value Advisors LLC acquired a new stake in Materion during the 2nd quarter worth approximately $12,938,000. F M Investments LLC acquired a new stake in Materion during the 2nd quarter worth approximately $11,643,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in 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 acquiring an additional 105,969 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in 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 worth $58,280,000 after acquiring an additional 96,525 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Materion by 33.7% during the 2nd quarter. Victory Capital Management Inc. now owns 133,940 shares of the basic materials company’s stock worth $14,483,000 after acquiring an additional 33,751 shares during the period. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Analysts Set New Price Targets

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

Materion Stock Up 1.4 %

MTRN stock opened at $119.34 on Friday. The company’s 50 day simple moving average is $106.71 and its 200-day simple moving average is $110.45. The firm has a market capitalization of $2.48 billion, a PE ratio of 33.62 and a beta of 1.19. Materion Co. has a 12 month low of $96.18 and a 12 month high of $145.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. The business had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Equities analysts expect that Materion Co. will post 5.24 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, November 14th. Materion’s dividend payout ratio is presently 15.21%.

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.