Amalgamated Bank Has $683,000 Position in Materion Co. (NYSE:MTRN)

Amalgamated Bank lessened its stake in Materion Co. (NYSE:MTRN) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,104 shares of the basic materials company’s stock after selling 223 shares during the quarter. Amalgamated Bank’s holdings in Materion were worth $683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MTRN. Arizona State Retirement System raised its position in Materion by 1.9% during the second quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock worth $625,000 after acquiring an additional 107 shares in the last quarter. Dakota Wealth Management grew its stake in Materion by 1.8% during the second quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock worth $1,210,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Materion by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock worth $1,125,000 after buying an additional 200 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Materion during the second quarter worth about $25,000. Finally, Quest Partners LLC lifted its holdings 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 worth $28,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total transaction of $235,140.00. Following the transaction, the vice president now directly owns 12,031 shares in the company, valued at $1,414,484.67. This trade represents a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Materion Stock Performance

Shares of MTRN stock opened at $114.44 on Friday. The firm has a market capitalization of $2.37 billion, a PE ratio of 32.24 and a beta of 1.19. The firm has a fifty day simple moving average of $107.73 and a two-hundred day simple moving average of $110.40. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. Materion Co. has a 12 month low of $96.18 and a 12 month high of $145.08.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. The company 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 firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. Analysts forecast that Materion Co. will post 5.24 EPS for the current fiscal year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Thursday, November 14th. Materion’s dividend payout ratio (DPR) is 15.21%.

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.