2,843 Shares in Materion Co. (NYSE:MTRN) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Materion Co. (NYSE:MTRN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,843 shares of the basic materials company’s stock, valued at approximately $318,000.

Several other large investors have also added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new stake in Materion in the second quarter valued at approximately $25,000. Quest Partners LLC grew its stake in Materion by 25,600.0% in the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 256 shares during the period. Lynx Investment Advisory acquired a new stake in Materion in the second quarter valued at approximately $38,000. ARK Investment Management LLC acquired a new stake in Materion in the third quarter valued at approximately $85,000. Finally, Brown Lisle Cummings Inc. acquired a new stake in Materion in the second quarter valued at approximately $92,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Price Performance

Shares of NYSE:MTRN opened at $116.83 on Friday. The company’s 50-day moving average is $108.54 and its 200 day moving average is $110.43. 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 company has a market capitalization of $2.42 billion, a P/E ratio of 32.89 and a beta of 1.19. Materion Co. has a fifty-two week low of $96.18 and a fifty-two week high of $145.08.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. The company had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. On average, equities research analysts forecast that Materion Co. will post 5.24 earnings per share for the current year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Thursday, November 14th. Materion’s payout ratio is 15.21%.

Insider Transactions at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 12,031 shares of the company’s stock, valued at $1,414,484.67. This trade represents a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Materion from a “sell” rating to a “hold” rating in a 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.