Pathstone Holdings LLC Has $1.92 Million Holdings in Materion Co. (NYSE:MTRN)

Pathstone Holdings LLC lifted its holdings in shares of Materion Co. (NYSE:MTRN) by 20.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,192 shares of the basic materials company’s stock after buying an additional 2,896 shares during the quarter. Pathstone Holdings LLC’s holdings in Materion were worth $1,923,000 at the end of the most recent quarter.

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

Materion Trading Down 2.7 %

Shares of NYSE MTRN opened at $115.43 on Wednesday. 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 Co. has a twelve month low of $96.18 and a twelve month high of $145.08. The company’s fifty day moving average is $109.04 and its 200-day moving average is $110.55. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 32.80 and a beta of 1.19.

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

Materion Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Materion

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $117.57, for a total value of $235,140.00. Following the sale, the vice president now owns 12,031 shares of the company’s stock, valued at $1,414,484.67. This trade represents a 14.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

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.