Inspire Investing LLC Increases Stock Holdings in Materion Co. (NYSE:MTRN)

Inspire Investing LLC lifted its position in Materion Co. (NYSE:MTRN) by 14.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,703 shares of the basic materials company’s stock after buying an additional 460 shares during the quarter. Inspire Investing LLC’s holdings in Materion were worth $414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTRN. Vanguard Group Inc. raised its stake in Materion by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,553,237 shares of the basic materials company’s stock valued at $336,389,000 after purchasing an additional 12,041 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Materion by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,213,367 shares of the basic materials company’s stock valued at $131,201,000 after purchasing an additional 12,454 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Materion by 21.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 538,975 shares of the basic materials company’s stock valued at $58,280,000 after purchasing an additional 96,525 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Materion by 31.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock valued at $48,010,000 after purchasing an additional 105,969 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Materion by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 350,247 shares of the basic materials company’s stock valued at $37,872,000 after purchasing an additional 5,585 shares in the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

Materion Stock Up 2.1 %

Shares of Materion stock opened at $107.16 on Thursday. 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 $2.22 billion, a price-to-earnings ratio of 26.86 and a beta of 1.17. The company’s 50 day moving average price is $108.93 and its 200-day moving average price is $112.30.

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

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, August 23rd. Materion’s dividend payout ratio (DPR) is currently 13.53%.

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.