Rice Hall James & Associates LLC Sells 250 Shares of Materion Co. (NYSE:MTRN)

Rice Hall James & Associates LLC decreased its position in shares of Materion Co. (NYSE:MTRN) by 1.0% in the third quarter, Holdings Channel reports. The fund owned 24,876 shares of the basic materials company’s stock after selling 250 shares during the period. Rice Hall James & Associates LLC’s holdings in Materion were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MTRN. Opal Wealth Advisors LLC acquired a new stake in shares of Materion in the second quarter worth $25,000. Quest Partners LLC boosted its holdings in Materion by 25,600.0% in the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 256 shares during the period. Lynx Investment Advisory acquired a new stake in Materion in the 2nd quarter worth $38,000. Brown Lisle Cummings Inc. bought a new position in shares of Materion during the 2nd quarter worth about $92,000. Finally, SG Americas Securities LLC acquired a new position in shares of Materion during the first quarter valued at about $150,000. 93.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Materion Stock Performance

MTRN opened at $105.12 on Friday. The stock’s 50 day simple moving average is $107.16 and its 200-day simple moving average is $110.79. The company has a current ratio of 3.15, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.18 billion, a PE ratio of 29.59 and a beta of 1.17. Materion Co. has a 1 year low of $96.18 and a 1 year high of $145.08.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. Sell-side analysts forecast that Materion Co. will post 5.25 EPS for the current year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Thursday, November 14th. Materion’s dividend payout ratio is 15.21%.

About Materion

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.