Materion Corporation $MTRN Stock Holdings Lowered by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its holdings in shares of Materion Corporation (NYSE:MTRN) by 28.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,672 shares of the basic materials company’s stock after selling 6,978 shares during the period. Rice Hall James & Associates LLC owned about 0.09% of Materion worth $2,135,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 225 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Materion during the first quarter valued at $34,000. First Horizon Advisors Inc. lifted its holdings in shares of Materion by 25.3% during the second quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 118 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Materion in the 2nd quarter valued at $50,000. Finally, TD Waterhouse Canada Inc. purchased a new position in Materion in the 2nd quarter worth about $53,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

Materion Stock Performance

MTRN stock opened at $128.61 on Friday. The firm has a 50 day simple moving average of $122.68 and a 200 day simple moving average of $110.39. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $135.33. The stock has a market cap of $2.67 billion, a P/E ratio of 135.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.31 and a current ratio of 3.29.

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

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Thursday, November 13th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. Materion’s dividend payout ratio (DPR) is presently 58.95%.

Insider Transactions at Materion

In other Materion news, VP Gregory R. Chemnitz sold 864 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $113.23, for a total value of $97,830.72. Following the transaction, the vice president owned 10,376 shares in the company, valued at $1,174,874.48. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.60% of the company’s stock.

Materion Profile

Materion Corporation (NYSE: MTRN) is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion’s offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion’s core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.