Algert Global LLC Has $1.34 Million Position in Materion Corporation (MTRN)

Algert Global LLC increased its position in shares of Materion Corporation (NYSE:MTRN) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,686 shares of the basic materials company’s stock after buying an additional 4,079 shares during the period. Algert Global LLC owned approximately 0.18% of Materion Corporation worth $1,335,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Parametric Portfolio Associates LLC raised its stake in Materion Corporation by 54.9% in the first quarter. Parametric Portfolio Associates LLC now owns 107,342 shares of the basic materials company’s stock worth $3,601,000 after buying an additional 38,045 shares during the last quarter. TFS Capital LLC acquired a new position in shares of Materion Corporation during the first quarter worth $1,119,000. Ameriprise Financial Inc. raised its position in shares of Materion Corporation by 12.4% in the first quarter. Ameriprise Financial Inc. now owns 649,987 shares of the basic materials company’s stock worth $21,808,000 after buying an additional 71,786 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Materion Corporation during the first quarter worth $474,000. Finally, Comerica Bank raised its position in shares of Materion Corporation by 3.6% in the first quarter. Comerica Bank now owns 22,039 shares of the basic materials company’s stock worth $783,000 after buying an additional 758 shares in the last quarter. 89.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Materion Corporation (NYSE MTRN) traded up 0.27% on Friday, hitting $37.10. The company’s stock had a trading volume of 67,838 shares. The company has a market cap of $743.41 million, a price-to-earnings ratio of 29.94 and a beta of 1.16. The stock’s 50 day moving average is $37.91 and its 200-day moving average is $35.97. Materion Corporation has a 52 week low of $27.99 and a 52 week high of $41.23.

Materion Corporation (NYSE:MTRN) last issued its earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $295.80 million during the quarter, compared to analyst estimates of $254.28 million. Materion Corporation had a net margin of 2.47% and a return on equity of 5.96%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. On average, equities research analysts anticipate that Materion Corporation will post $1.52 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, August 16th. Materion Corporation’s dividend payout ratio (DPR) is currently 32.26%.

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A number of research analysts have weighed in on the company. Zacks Investment Research raised Materion Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Friday, June 16th. BidaskClub lowered Materion Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $34.00 price target on shares of Materion Corporation in a research note on Friday, July 7th.

In other Materion Corporation news, Chairman Richard J. Hipple sold 2,500 shares of Materion Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $34.33, for a total transaction of $85,825.00. Following the completion of the sale, the chairman now owns 109,591 shares of the company’s stock, valued at approximately $3,762,259.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard J. Hipple sold 5,000 shares of Materion Corporation stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $34.47, for a total transaction of $172,350.00. Following the sale, the insider now directly owns 122,091 shares of the company’s stock, valued at approximately $4,208,476.77. The disclosure for this sale can be found here. Insiders have sold a total of 73,000 shares of company stock valued at $2,609,095 in the last three months. Company insiders own 2.90% of the company’s stock.

About Materion Corporation

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.