Aurora Investment Counsel Sells 175 Shares of Materion Co. (NYSE:MTRN)

Aurora Investment Counsel cut its stake in shares of Materion Co. (NYSE:MTRN) by 2.7% in the second quarter, HoldingsChannel reports. The fund owned 6,325 shares of the basic materials company’s stock after selling 175 shares during the period. Aurora Investment Counsel’s holdings in Materion were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTRN. Opal Wealth Advisors LLC bought a new position in shares of Materion in the second quarter worth approximately $25,000. Quest Partners LLC lifted its stake in shares of Materion by 25,600.0% during the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock valued at $28,000 after buying an additional 256 shares in the last quarter. Lynx Investment Advisory bought a new position in Materion in the 2nd quarter worth $38,000. Brown Lisle Cummings Inc. purchased a new stake in Materion in the 2nd quarter worth $92,000. Finally, SG Americas Securities LLC bought a new stake in Materion during the first quarter valued at about $150,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Materion Trading Down 0.6 %

Shares of MTRN opened at $111.73 on Tuesday. The firm has a market cap of $2.32 billion, a P/E ratio of 28.00 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.25 and a quick ratio of 1.21. Materion Co. has a 1 year low of $92.23 and a 1 year high of $145.08. The company has a 50 day simple moving average of $111.44 and a two-hundred day simple moving average of $114.56.

Materion (NYSE:MTRN) last posted its earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The company had revenue of $425.87 million during the quarter, compared to analysts’ expectations of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. During the same period last year, the company posted $1.38 earnings per share. Materion’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Materion Co. will post 5.74 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a $0.135 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.48%. Materion’s dividend payout ratio is currently 13.53%.

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.