Ceredex Value Advisors LLC Has $14.58 Million Position in Materion Co. (NYSE:MTRN)

Ceredex Value Advisors LLC increased its stake in shares of Materion Co. (NYSE:MTRN) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 130,350 shares of the basic materials company’s stock after buying an additional 10,700 shares during the period. Ceredex Value Advisors LLC’s holdings in Materion were worth $14,581,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in shares of Materion by 8.5% in the 1st quarter. BNP Paribas Financial Markets now owns 18,761 shares of the basic materials company’s stock valued at $2,472,000 after acquiring an additional 1,464 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Materion by 9.6% in the 1st quarter. Nordea Investment Management AB now owns 80,258 shares of the basic materials company’s stock valued at $10,767,000 after buying an additional 6,997 shares during the period. Jennison Associates LLC increased its holdings in shares of Materion by 29.7% during the first quarter. Jennison Associates LLC now owns 262,121 shares of the basic materials company’s stock valued at $34,534,000 after acquiring an additional 60,030 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Materion by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 18,066 shares of the basic materials company’s stock valued at $2,380,000 after buying an additional 239 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Materion in the first quarter worth approximately $150,000. Institutional investors own 93.56% of the company’s stock.

Materion Trading Up 3.4 %

MTRN stock opened at $105.06 on Friday. The company has a market capitalization of $2.18 billion, a PE ratio of 29.61 and a beta of 1.17. The company’s 50 day moving average price is $107.16 and its two-hundred day moving average price is $110.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.15. Materion Co. has a one year low of $96.18 and a one year high of $145.08.

Materion (NYSE:MTRN) last announced 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 business had revenue of $436.70 million for 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 business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. As a group, analysts predict that Materion Co. will post 5.25 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given a $0.135 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.51%. Materion’s payout ratio is currently 15.21%.

Wall Street Analyst Weigh In

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

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.