King Luther Capital Management Corp Acquires 10,566 Shares of Materion Co. (NYSE:MTRN)

King Luther Capital Management Corp increased its stake in Materion Co. (NYSE:MTRN) by 43.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,897 shares of the basic materials company’s stock after buying an additional 10,566 shares during the period. King Luther Capital Management Corp’s holdings in Materion were worth $3,904,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new position in Materion during the 2nd quarter valued at about $25,000. Quest Partners LLC lifted its stake in Materion by 25,600.0% during the 2nd 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 during the 2nd quarter valued at approximately $38,000. ARK Investment Management LLC acquired a new position in shares of Materion in the 3rd quarter valued at $85,000. Finally, Brown Lisle Cummings Inc. purchased a new stake in Materion in the 2nd quarter worth $92,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 12,031 shares in the company, 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Materion Trading Up 3.4 %

NYSE MTRN opened at $116.83 on Friday. The stock has a market capitalization of $2.42 billion, a P/E ratio of 32.91 and a beta of 1.19. Materion Co. has a 12 month low of $96.18 and a 12 month high of $145.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. The firm’s 50-day moving average is $108.54 and its two-hundred day moving average is $110.43.

Materion (NYSE:MTRN) last released its 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 firm had revenue of $436.70 million for 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 quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. On average, sell-side analysts anticipate that Materion Co. will post 5.24 earnings per share for the current year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is 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.