Anchor Investment Management LLC Has $87,000 Stock Holdings in Materion Co. (NYSE:MTRN)

Anchor Investment Management LLC reduced its position in shares of Materion Co. (NYSE:MTRN) by 23.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 800 shares of the basic materials company’s stock after selling 250 shares during the period. Anchor Investment Management LLC’s holdings in Materion were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. boosted its position in Materion by 83.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 442,450 shares of the basic materials company’s stock worth $58,293,000 after buying an additional 201,835 shares during the period. Ceredex Value Advisors LLC bought a new position in shares of Materion during the second quarter valued at $12,938,000. F M Investments LLC acquired a new position in shares of Materion during the second quarter worth $11,643,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Materion by 31.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock worth $48,010,000 after purchasing an additional 105,969 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in Materion by 29.7% in the first quarter. Jennison Associates LLC now owns 262,121 shares of the basic materials company’s stock valued at $34,534,000 after purchasing an additional 60,030 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Analysts Set New Price Targets

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

Materion Stock Performance

NYSE:MTRN opened at $105.49 on Friday. The company has a market capitalization of $2.19 billion, a PE ratio of 26.44 and a beta of 1.17. Materion Co. has a fifty-two week low of $92.23 and a fifty-two week high of $145.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.25. The company has a 50 day simple moving average of $110.25 and a two-hundred day simple moving average of $114.04.

Materion (NYSE:MTRN) last posted its quarterly earnings data 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 analysts’ expectations of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. Materion’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 earnings per share. Research analysts anticipate that Materion Co. will post 5.74 earnings per share for the current year.

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, August 23rd. Materion’s dividend payout ratio is 13.53%.

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.