Squarepoint Ops LLC Raises Stock Holdings in Materion Corporation $MTRN

Squarepoint Ops LLC raised its position in shares of Materion Corporation (NYSE:MTRN) by 706.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,333 shares of the basic materials company’s stock after buying an additional 23,068 shares during the period. Squarepoint Ops LLC owned about 0.13% of Materion worth $2,090,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MTRN. Public Sector Pension Investment Board grew its stake in shares of Materion by 7.8% in the second quarter. Public Sector Pension Investment Board now owns 70,949 shares of the basic materials company’s stock worth $5,631,000 after purchasing an additional 5,157 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Materion by 2.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 17,832 shares of the basic materials company’s stock worth $1,415,000 after buying an additional 361 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Materion by 183.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,478 shares of the basic materials company’s stock worth $117,000 after buying an additional 957 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Materion by 32.2% during the second quarter. State of Tennessee Department of Treasury now owns 9,200 shares of the basic materials company’s stock valued at $730,000 after buying an additional 2,240 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of Materion by 29.7% during the second quarter. Tidal Investments LLC now owns 4,945 shares of the basic materials company’s stock valued at $392,000 after acquiring an additional 1,132 shares in the last quarter. 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 864 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $113.23, for a total value of $97,830.72. Following the sale, the vice president owned 10,376 shares in the company, valued at $1,174,874.48. This represents a 7.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of Materion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $117.00.

Materion Stock Performance

Shares of MTRN stock opened at $124.86 on Friday. The company’s fifty day moving average price is $122.45 and its 200-day moving average price is $108.15. The stock has a market cap of $2.59 billion, a PE ratio of 131.43 and a beta of 0.87. The company has a current ratio of 3.29, a quick ratio of 1.31 and a debt-to-equity ratio of 0.49. Materion Corporation has a 12 month low of $69.10 and a 12 month high of $135.33.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter. Materion had a net margin of 1.12% and a return on equity of 12.66%. The company had revenue of $230.20 million during the quarter. On average, equities analysts expect that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Thursday, November 13th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, November 13th. Materion’s payout ratio is currently 58.95%.

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.