Inspire Investing LLC Has $386,000 Stock Holdings in Materion Corporation $MTRN

Inspire Investing LLC increased its position in shares of Materion Corporation (NYSE:MTRN) by 15.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,859 shares of the basic materials company’s stock after acquiring an additional 650 shares during the period. Inspire Investing LLC’s holdings in Materion were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Materion by 2.3% in the first quarter. Principal Financial Group Inc. now owns 103,572 shares of the basic materials company’s stock valued at $8,451,000 after buying an additional 2,369 shares in the last quarter. GAMMA Investing LLC boosted its position in Materion by 722.2% in the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company’s stock valued at $175,000 after buying an additional 1,885 shares in the last quarter. Dover Advisors LLC acquired a new stake in Materion in the second quarter valued at approximately $209,000. Intech Investment Management LLC boosted its position in Materion by 67.6% in the first quarter. Intech Investment Management LLC now owns 122,009 shares of the basic materials company’s stock valued at $9,956,000 after buying an additional 49,217 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Materion in the first quarter valued at approximately $714,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insider Buying and Selling

In related news, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction on Monday, August 4th. The shares were sold at an average price of $105.17, for a total transaction of $315,510.00. Following the completion of the transaction, the vice president owned 10,376 shares of the company’s stock, valued at $1,091,243.92. This trade represents a 22.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of Materion stock in a transaction on Monday, August 4th. The stock was sold at an average price of $105.34, for a total transaction of $120,087.60. The disclosure for this sale can be found here. Insiders sold 5,295 shares of company stock valued at $557,392 over the last quarter. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Zacks Research lowered shares of Materion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research report on Wednesday, October 8th. Finally, KeyCorp raised their target price on shares of Materion from $115.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $117.00.

Materion Price Performance

MTRN stock opened at $127.94 on Friday. The company has a fifty day moving average price of $116.16 and a 200-day moving average price of $94.41. The company has a market capitalization of $2.65 billion, a P/E ratio of 159.93 and a beta of 0.91. Materion Corporation has a 52-week low of $69.10 and a 52-week high of $131.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.25 and a current ratio of 3.17.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter. Materion had a net margin of 0.94% and a return on equity of 12.69%. The firm had revenue of $230.20 million during the quarter. As a group, equities analysts expect that Materion Corporation will post 5.5 EPS for the current year.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, August 22nd. Materion’s dividend payout ratio (DPR) is currently 70.00%.

About Materion

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.