Orion Portfolio Solutions LLC Lowers Stake in Materion Co. (NYSE:MTRN)

Orion Portfolio Solutions LLC trimmed its stake in Materion Co. (NYSE:MTRN) by 7.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,144 shares of the basic materials company’s stock after selling 260 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Materion were worth $352,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mountaineer Partners Management LLC boosted its stake in Materion by 9,463.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock valued at $1,023,235,000 after purchasing an additional 9,051,813 shares during the last quarter. 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 bought a new stake in Materion in the 2nd quarter worth about $11,643,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in Materion by 31.3% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock worth $48,010,000 after buying an additional 105,969 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in Materion by 12.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock worth $67,501,000 after buying an additional 64,470 shares during the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the transaction, the chief financial officer now owns 13,200 shares in the company, valued at $1,530,144. This trade represents a 7.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Materion Stock Performance

MTRN stock opened at $100.33 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. Materion Co. has a 1 year low of $96.18 and a 1 year high of $145.08. The company has a market cap of $2.08 billion, a P/E ratio of 28.26 and a beta of 1.21. The stock’s fifty day moving average price is $110.94 and its 200-day moving average price is $110.42.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. The firm 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%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.39 EPS. On average, equities analysts forecast that Materion Co. will post 5.24 earnings per share for the current year.

Materion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, November 14th. Materion’s dividend payout ratio is presently 15.21%.

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.