The Manufacturers Life Insurance Company Has $1.22 Million Position in Materion Co. (NYSE:MTRN)

The Manufacturers Life Insurance Company raised its stake in Materion Co. (NYSE:MTRN) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,305 shares of the basic materials company’s stock after acquiring an additional 495 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Materion worth $1,222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Aurora Investment Counsel raised its holdings in Materion by 1.2% in the 4th quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company’s stock valued at $846,000 after acquiring an additional 80 shares in the last quarter. Arizona State Retirement System raised its holdings in Materion by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock valued at $625,000 after acquiring an additional 107 shares in the last quarter. Dakota Wealth Management raised its holdings in Materion by 1.8% in the 2nd quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock valued at $1,210,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Materion by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock valued at $1,125,000 after acquiring an additional 200 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Materion in the 2nd quarter valued at $25,000. 93.56% of the stock is owned by institutional investors and hedge funds.

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 Price Performance

Materion stock opened at $105.16 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.25. Materion Co. has a 52 week low of $92.23 and a 52 week high of $145.08. The stock has a market capitalization of $2.18 billion, a P/E ratio of 28.04 and a beta of 1.17. The stock has a fifty day moving average of $109.14 and a 200-day moving average of $113.03.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. Materion had a return on equity of 12.20% and a net margin of 4.80%. The company had revenue of $425.87 million during the quarter, compared to analysts’ expectations of $424.02 million. During the same quarter in the previous year, the firm earned $1.38 EPS. Materion’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that Materion Co. will post 5.25 earnings per share for the current fiscal year.

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a dividend of $0.135 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.54 dividend on an annualized basis and a yield of 0.51%. Materion’s dividend payout ratio is currently 14.40%.

Materion Company 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.