UBS Asset Management Americas Inc. Buys 4,161 Shares of Materion Corp (NYSE:MTRN)

UBS Asset Management Americas Inc. grew its stake in Materion Corp (NYSE:MTRN) by 27.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 19,548 shares of the basic materials company’s stock after purchasing an additional 4,161 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Materion were worth $1,326,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MTRN. BlackRock Inc. lifted its holdings in shares of Materion by 5.8% during the second quarter. BlackRock Inc. now owns 3,266,269 shares of the basic materials company’s stock valued at $221,486,000 after purchasing an additional 178,493 shares in the last quarter. Renaissance Technologies LLC increased its position in Materion by 54.4% during the second quarter. Renaissance Technologies LLC now owns 264,800 shares of the basic materials company’s stock valued at $17,956,000 after acquiring an additional 93,300 shares during the last quarter. Morgan Stanley increased its position in Materion by 69.0% during the second quarter. Morgan Stanley now owns 173,383 shares of the basic materials company’s stock valued at $11,759,000 after acquiring an additional 70,773 shares during the last quarter. Fisher Asset Management LLC increased its position in Materion by 89.1% during the second quarter. Fisher Asset Management LLC now owns 145,777 shares of the basic materials company’s stock valued at $9,885,000 after acquiring an additional 68,684 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in Materion by 58.7% during the second quarter. Panagora Asset Management Inc. now owns 161,738 shares of the basic materials company’s stock valued at $10,967,000 after acquiring an additional 59,794 shares during the last quarter. 87.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on MTRN shares. ValuEngine cut Materion from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research cut Materion from a “buy” rating to a “hold” rating in a research report on Friday, September 27th.

Materion stock traded down $0.52 during mid-day trading on Monday, reaching $60.94. 2,638 shares of the stock traded hands, compared to its average volume of 110,615. The stock has a market capitalization of $1.19 billion, a PE ratio of 25.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.63 and a quick ratio of 1.93. Materion Corp has a 12-month low of $42.50 and a 12-month high of $71.97. The business’s 50-day moving average is $61.27 and its 200-day moving average is $62.07.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $297.84 million during the quarter, compared to analysts’ expectations of $306.43 million. Materion had a return on equity of 11.08% and a net margin of 2.64%. Materion’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. Equities analysts anticipate that Materion Corp will post 3.29 EPS for the current fiscal year.

About Materion

Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

See Also: Compound Interest

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Institutional Ownership by Quarter for Materion (NYSE:MTRN)

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