Atria Investments Inc Sells 229 Shares of Materion Co. (NYSE:MTRN)

Atria Investments Inc lessened its position in Materion Co. (NYSE:MTRN) by 9.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,273 shares of the basic materials company’s stock after selling 229 shares during the period. Atria Investments Inc’s holdings in Materion were worth $254,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ceredex Value Advisors LLC purchased a new stake in shares of Materion during the 2nd quarter valued at about $12,938,000. F M Investments LLC purchased a new stake in Materion during the 2nd quarter valued at $11,643,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake 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 valued at $48,010,000 after buying an additional 105,969 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of 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 valued at $58,280,000 after buying an additional 96,525 shares during the period. Finally, abrdn plc grew its holdings in shares of Materion by 19.8% in the third quarter. abrdn plc now owns 258,728 shares of the basic materials company’s stock worth $28,941,000 after acquiring an additional 42,717 shares during the period. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Activity at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the transaction, the vice president now owns 12,031 shares of the company’s stock, valued at approximately $1,414,484.67. This represents a 14.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Materion Stock Up 3.4 %

Shares of MTRN stock opened at $116.76 on Friday. 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. The stock has a market cap of $2.42 billion, a P/E ratio of 32.89 and a beta of 1.19. The company has a 50 day simple moving average of $108.77 and a two-hundred day simple moving average of $110.49.

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

Materion Announces Dividend

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 paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.46%. Materion’s dividend payout ratio (DPR) 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.