Mutual of America Capital Management LLC Boosts Holdings in Materion Co. (NYSE:MTRN)

Mutual of America Capital Management LLC lifted its holdings in Materion Co. (NYSE:MTRN) by 69.6% in the third quarter, HoldingsChannel reports. The fund owned 47,467 shares of the basic materials company’s stock after buying an additional 19,483 shares during the period. Mutual of America Capital Management LLC’s holdings in Materion were worth $5,310,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MTRN. SG Americas Securities LLC purchased a new position in Materion in the 1st quarter worth $150,000. Vanguard Group Inc. grew its stake in shares of Materion by 0.5% during 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 buying an additional 12,041 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Materion in the first quarter worth about $747,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of Materion by 2.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,997 shares of the basic materials company’s stock valued at $2,366,000 after acquiring an additional 441 shares during the last quarter. Finally, Natixis purchased a new stake in Materion during the 1st quarter valued at about $515,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

Materion Trading Up 0.8 %

Shares of MTRN opened at $112.37 on Thursday. The firm has a fifty day simple moving average of $108.34 and a two-hundred day simple moving average of $110.41. Materion Co. has a twelve month low of $96.18 and a twelve month high of $145.08. The stock has a market capitalization of $2.33 billion, a P/E ratio of 31.65 and a beta of 1.19. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The company had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. Materion’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. On average, research analysts anticipate that Materion Co. will post 5.24 EPS for the current year.

Materion Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.48%. Materion’s dividend payout ratio is presently 15.21%.

Insider Buying and Selling

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total transaction of $235,140.00. Following the transaction, the vice president now directly owns 12,031 shares of the company’s stock, valued at approximately $1,414,484.67. The trade was a 14.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by insiders.

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.