Captrust Financial Advisors Invests $286,000 in Materion Co. (NYSE:MTRN)

Captrust Financial Advisors purchased a new stake in shares of Materion Co. (NYSE:MTRN) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,555 shares of the basic materials company’s stock, valued at approximately $286,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. purchased a new position in Materion in the second quarter valued at about $322,000. Dakota Wealth Management boosted its holdings in shares of Materion by 1.8% in the 2nd quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock valued at $1,210,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Materion by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock worth $1,125,000 after buying an additional 200 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Materion during the 2nd quarter worth approximately $12,938,000. Finally, Bank of New York Mellon Corp lifted its position in Materion by 1.6% during 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 acquiring an additional 5,585 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Shelly Marie Chadwick sold 1,000 shares of Materion stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the transaction, the chief financial officer now directly owns 13,200 shares in the company, valued at approximately $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Chemnitz sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 12,031 shares in the company, valued at approximately $1,414,484.67. This represents a 14.25 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Materion Stock Down 0.8 %

NYSE:MTRN opened at $110.60 on Friday. The company’s 50 day moving average is $110.83 and its two-hundred day moving average is $110.53. The company has a market cap of $2.29 billion, a PE ratio of 31.16 and a beta of 1.21. Materion Co. has a twelve month low of $96.18 and a twelve month high of $145.08. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN) last released its 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. Materion had a return on equity of 12.06% and a net margin of 4.45%. The firm had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. During the same period in the prior year, the firm earned $1.39 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. Analysts anticipate that Materion Co. will post 5.24 EPS for the current year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were given a $0.135 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a yield of 0.49%. Materion’s dividend payout ratio is currently 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.