Mutual of America Capital Management LLC Raises Position in Materion Corporation $MTRN

Mutual of America Capital Management LLC raised its holdings in Materion Corporation (NYSE:MTRN) by 5.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,368 shares of the basic materials company’s stock after buying an additional 2,788 shares during the quarter. Mutual of America Capital Management LLC owned about 0.27% of Materion worth $4,395,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of Materion in the 1st quarter valued at approximately $34,000. CWM LLC raised its holdings in shares of Materion by 387.0% in the second quarter. CWM LLC now owns 1,232 shares of the basic materials company’s stock worth $98,000 after buying an additional 979 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Materion by 722.2% in the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company’s stock worth $175,000 after buying an additional 1,885 shares during the last quarter. AQR Capital Management LLC purchased a new position in Materion in the 1st quarter worth $201,000. Finally, Dover Advisors LLC purchased a new position in Materion in the 2nd quarter worth $209,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MTRN shares. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research note on Wednesday, October 8th. Wall Street Zen upgraded Materion from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. KeyCorp raised their price objective on Materion from $115.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Finally, Zacks Research lowered shares of Materion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Materion presently has an average rating of “Hold” and an average price target of $117.00.

Materion Stock Down 1.2%

Shares of MTRN stock opened at $128.92 on Thursday. The company has a current ratio of 3.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2.67 billion, a P/E ratio of 161.15 and a beta of 0.91. The stock has a 50 day moving average of $117.92 and a 200 day moving average of $95.86. Materion Corporation has a twelve month low of $69.10 and a twelve month high of $134.51.

Materion (NYSE:MTRN) last posted its earnings results on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share for the quarter. Materion had a net margin of 0.94% and a return on equity of 12.69%. The firm had revenue of $230.20 million during the quarter. As a group, sell-side analysts expect that Materion Corporation will post 5.5 EPS for the current year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Thursday, November 13th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 13th. Materion’s payout ratio is currently 70.00%.

Insider Activity at Materion

In related news, Director N Mohan Reddy sold 1,155 shares of Materion stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $105.45, for a total value of $121,794.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gregory R. Chemnitz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $105.17, for a total value of $315,510.00. Following the completion of the sale, the vice president owned 10,376 shares of the company’s stock, valued at $1,091,243.92. This trade represents a 22.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,295 shares of company stock worth $557,392 in the last 90 days. Corporate insiders own 2.60% 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.