HWG Holdings LP Purchases New Shares in Materion Corporation $MTRN

HWG Holdings LP purchased a new position in Materion Corporation (NYSE:MTRN) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 22,342 shares of the basic materials company’s stock, valued at approximately $2,699,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after buying an additional 225 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Materion in the 1st quarter valued at approximately $34,000. GAMMA Investing LLC lifted its position in shares of Materion by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 494 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 135 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Materion by 25.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 118 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in Materion during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insider Activity at Materion

In other news, VP Gregory R. Chemnitz sold 864 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $113.23, for a total transaction of $97,830.72. Following the transaction, the vice president owned 10,376 shares in the company, valued at $1,174,874.48. This represents a 7.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Materion Stock Performance

Shares of NYSE MTRN opened at $128.15 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.29 and a quick ratio of 1.31. Materion Corporation has a one year low of $69.10 and a one year high of $135.33. The business’s 50-day moving average price is $122.67 and its two-hundred day moving average price is $109.27. The company has a market capitalization of $2.66 billion, a P/E ratio of 134.89 and a beta of 0.87.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter. The business had revenue of $230.20 million during the quarter. Materion had a return on equity of 12.66% and a net margin of 1.12%. Analysts anticipate that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Thursday, November 13th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, November 13th. Materion’s payout ratio is currently 58.95%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Zacks Research lowered Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $117.00.

Materion Company Profile

Materion Corporation (NYSE: MTRN) is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion’s offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion’s core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.