Mutual of America Capital Management LLC Cuts Stock Holdings in Materion Co. (NYSE:MTRN)

Mutual of America Capital Management LLC cut its position in Materion Co. (NYSE:MTRN) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,984 shares of the basic materials company’s stock after selling 363 shares during the period. Mutual of America Capital Management LLC’s holdings in Materion were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Jennison Associates LLC grew its holdings in shares of Materion by 29.7% during the first quarter. Jennison Associates LLC now owns 262,121 shares of the basic materials company’s stock worth $34,534,000 after buying an additional 60,030 shares in the last quarter. Trigran Investments Inc. boosted its stake in Materion by 1.9% during the fourth quarter. Trigran Investments Inc. now owns 687,794 shares of the basic materials company’s stock worth $89,503,000 after buying an additional 12,500 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Materion by 83.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 442,450 shares of the basic materials company’s stock valued at $58,293,000 after buying an additional 201,835 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Materion by 66.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 13,768 shares of the basic materials company’s stock worth $1,489,000 after acquiring an additional 5,518 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Materion by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 2,541,196 shares of the basic materials company’s stock worth $330,686,000 after acquiring an additional 9,394 shares during the period. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Stock Performance

NYSE MTRN opened at $106.84 on Tuesday. The stock has a fifty day simple moving average of $112.08 and a 200-day simple moving average of $115.30. The company has a current ratio of 3.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.21 billion, a PE ratio of 26.78 and a beta of 1.18. Materion Co. has a twelve month low of $92.23 and a twelve month high of $145.08.

Materion (NYSE:MTRN) last announced its earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.03. The company had revenue of $425.87 million during the quarter, compared to analyst estimates of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. Materion’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 earnings per share. Equities analysts anticipate that Materion Co. will post 5.74 earnings per share for the current year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, August 23rd. Materion’s dividend payout ratio (DPR) is 13.53%.

Analyst Ratings Changes

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

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.