Mutual of America Capital Management LLC Has $5.31 Million Holdings in Materion Co. (NYSE:MTRN)

Mutual of America Capital Management LLC raised its stake in shares of Materion Co. (NYSE:MTRN) by 69.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 47,467 shares of the basic materials company’s stock after purchasing an additional 19,483 shares during the period. Mutual of America Capital Management LLC owned approximately 0.23% of Materion worth $5,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in shares of Materion by 1.9% during the second quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock valued at $625,000 after buying an additional 107 shares during the last quarter. Dakota Wealth Management lifted its holdings in Materion by 1.8% during the second quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock worth $1,210,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System boosted its position in Materion by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock worth $1,125,000 after purchasing an additional 200 shares during the last quarter. Confluence Investment Management LLC grew its stake in Materion by 6.4% in the 3rd quarter. Confluence Investment Management LLC now owns 3,827 shares of the basic materials company’s stock valued at $428,000 after purchasing an additional 231 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Materion during the 2nd quarter valued at $25,000. 93.56% of the stock is owned by institutional investors.

Materion Stock Performance

NYSE:MTRN opened at $112.37 on Thursday. Materion Co. has a 52-week low of $96.18 and a 52-week high of $145.08. The business’s fifty day moving average is $108.34 and its 200 day moving average is $110.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 31.65 and a beta of 1.19.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. The company had revenue of $436.70 million during the quarter, compared to analyst estimates of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. Materion’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $1.39 earnings per share. Research analysts predict that Materion Co. will post 5.24 EPS for the current year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.48%. The ex-dividend date is Thursday, November 14th. Materion’s payout ratio is 15.21%.

Insiders Place Their Bets

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the transaction, the vice president now directly owns 12,031 shares in the company, valued at approximately $1,414,484.67. The trade was a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% 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 research report on Thursday, August 8th.

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.