Consolidated Planning Corp Makes New Investment in Materion Co. (NYSE:MTRN)

Consolidated Planning Corp bought a new stake in shares of Materion Co. (NYSE:MTRN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,691 shares of the basic materials company’s stock, valued at approximately $301,000.

Several other large investors have also recently made changes to their positions in the company. Arizona State Retirement System lifted its stake in shares of Materion by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 107 shares during the period. Dakota Wealth Management lifted its stake 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 purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System lifted its stake 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 valued at $1,125,000 after purchasing an additional 200 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Materion in the 2nd quarter valued at $25,000. Finally, Texas Permanent School Fund Corp lifted its stake in shares of Materion by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 18,066 shares of the basic materials company’s stock valued at $2,380,000 after purchasing an additional 239 shares during the period. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Materion Stock Performance

NYSE:MTRN opened at $119.34 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15. The company has a fifty day moving average of $106.71 and a two-hundred day moving average of $110.45. The stock has a market capitalization of $2.48 billion, a PE ratio of 33.62 and a beta of 1.19. Materion Co. has a fifty-two week low of $96.18 and a fifty-two week high of $145.08.

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

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Thursday, November 14th. Materion’s payout ratio is 15.21%.

Materion Company 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.