Segall Bryant & Hamill LLC Has $24.73 Million Holdings in Materion Co. (NYSE:MTRN)

Segall Bryant & Hamill LLC raised its holdings in Materion Co. (NYSE:MTRN) by 5.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 221,086 shares of the basic materials company’s stock after acquiring an additional 11,198 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Materion were worth $24,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pathstone Holdings LLC boosted its holdings in Materion by 20.3% in the third quarter. Pathstone Holdings LLC now owns 17,192 shares of the basic materials company’s stock worth $1,923,000 after acquiring an additional 2,896 shares in the last quarter. Quest Partners LLC lifted its position in shares of Materion by 118.7% during the third quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 305 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Materion by 69.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company’s stock worth $5,310,000 after buying an additional 19,483 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Materion by 12.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock worth $67,501,000 after purchasing an additional 64,470 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Materion by 18.5% in the 3rd quarter. Natixis Advisors LLC now owns 120,813 shares of the basic materials company’s stock worth $13,514,000 after buying an additional 18,836 shares during the last quarter. 93.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the transaction, the vice president now owns 12,031 shares of the company’s stock, valued at approximately $1,414,484.67. This represents a 14.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Materion Stock Down 1.4 %

Materion stock opened at $111.59 on Wednesday. The firm has a 50 day simple moving average of $108.14 and a 200 day simple moving average of $110.40. 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 Co. has a 1-year low of $96.18 and a 1-year high of $145.08. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 31.43 and a beta of 1.19.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 12.06% and a net margin of 4.45%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 earnings per share. On average, analysts predict that Materion Co. will post 5.24 earnings per share for the current year.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 yield of 0.48%. The ex-dividend date is Thursday, November 14th. Materion’s dividend payout ratio (DPR) is presently 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.