The Manufacturers Life Insurance Company increased its position in shares of Materion Co. (NYSE:MTRN) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,178 shares of the basic materials company’s stock after buying an additional 532 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of Materion worth $776,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in MTRN. Victory Capital Management Inc. increased its holdings in Materion by 5.2% in the 4th quarter. Victory Capital Management Inc. now owns 6,011 shares of the basic materials company’s stock valued at $383,000 after purchasing an additional 298 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in Materion by 69.2% in the 3rd quarter. Point72 Hong Kong Ltd now owns 868 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 355 shares during the last quarter. IndexIQ Advisors LLC increased its holdings in Materion by 11.5% in the 4th quarter. IndexIQ Advisors LLC now owns 5,982 shares of the basic materials company’s stock valued at $381,000 after purchasing an additional 617 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in Materion in the 4th quarter valued at approximately $41,000. Finally, Veriti Management LLC acquired a new stake in Materion in the 4th quarter valued at approximately $53,000. 86.04% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on MTRN. TheStreet downgraded shares of Materion from a “b” rating to a “c+” rating in a research note on Thursday, April 1st. KeyCorp boosted their price target on shares of Materion from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 26th. Finally, Zacks Investment Research downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Tuesday, February 23rd.
Materion (NYSE:MTRN) last issued its earnings results on Wednesday, February 17th. The basic materials company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The firm had revenue of $339.69 million during the quarter, compared to the consensus estimate of $292.15 million. Materion had a net margin of 2.22% and a return on equity of 7.29%. On average, equities analysts forecast that Materion Co. will post 2.05 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 5th. Investors of record on Wednesday, February 17th were given a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, February 16th. This represents a $0.46 dividend on an annualized basis and a yield of 0.69%. Materion’s dividend payout ratio (DPR) is presently 14.42%.
Materion Company Profile
Materion Corporation manufactures and sells advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center markets in the United States, Asia, Europe, and internationally. It operates through Performance Alloys and Composites, Advanced Materials, and Precision Optics segments.
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