Materion Co. (NYSE:MTRN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in Materion Co. (NYSE:MTRN) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,292 shares of the basic materials company’s stock after selling 918 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Materion worth $1,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in Materion during the 2nd quarter worth about $25,000. Quest Partners LLC lifted its position in shares of Materion by 25,600.0% during the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock worth $28,000 after buying an additional 256 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of Materion in the 2nd quarter valued at $38,000. ARK Investment Management LLC purchased a new position in shares of Materion in the 3rd quarter valued at $85,000. Finally, Brown Lisle Cummings Inc. purchased a new stake in Materion in the second quarter valued at $92,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Materion

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction that occurred 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 sale, the vice president now directly owns 12,031 shares of the company’s stock, valued at approximately $1,414,484.67. The trade was a 14.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Materion Price Performance

Shares of NYSE:MTRN opened at $115.61 on Friday. The company has a market cap of $2.40 billion, a P/E ratio of 32.57 and a beta of 1.19. The company has a 50-day moving average price of $109.37 and a 200 day moving average price of $110.58. Materion Co. has a 52 week low of $96.18 and a 52 week high of $145.08. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

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

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Thursday, November 14th. Materion’s payout ratio is currently 15.21%.

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.