SG Americas Securities LLC Takes $795,000 Position in Materion Co. (NYSE:MTRN)

SG Americas Securities LLC purchased a new stake in shares of Materion Co. (NYSE:MTRN) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 7,103 shares of the basic materials company’s stock, valued at approximately $795,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Algert Global LLC bought a new position in shares of Materion during the second quarter valued at $225,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Materion by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,305 shares of the basic materials company’s stock valued at $1,222,000 after purchasing an additional 495 shares in the last quarter. Deerfield Management Company L.P. Series C bought a new position in shares of Materion during the second quarter valued at $247,000. Squarepoint Ops LLC bought a new position in Materion in the second quarter valued at about $416,000. Finally, Bank of Montreal Can lifted its holdings in Materion by 6.2% in the second quarter. Bank of Montreal Can now owns 4,831 shares of the basic materials company’s stock valued at $524,000 after acquiring an additional 281 shares during the period. 93.56% of the stock is owned by institutional investors.

Materion Stock Up 1.3 %

MTRN stock opened at $105.18 on Friday. Materion Co. has a fifty-two week low of $92.23 and a fifty-two week high of $145.08. The business’s 50-day moving average is $109.14 and its two-hundred day moving average is $112.89. 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 market cap of $2.18 billion, a price-to-earnings ratio of 26.36 and a beta of 1.17.

Materion (NYSE:MTRN) last posted its earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $424.02 million. During the same quarter in the prior year, the company earned $1.38 earnings per share. Materion’s revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that Materion Co. will post 5.25 earnings per share for the current year.

Materion Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, August 23rd. Materion’s dividend payout ratio (DPR) is currently 13.53%.

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 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.