Hsbc Holdings PLC Increases Holdings in Materion Corporation $MTRN

Hsbc Holdings PLC increased its position in Materion Corporation (NYSE:MTRN) by 61.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,313 shares of the basic materials company’s stock after buying an additional 2,797 shares during the quarter. Hsbc Holdings PLC’s holdings in Materion were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in Materion by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 4,760 shares of the basic materials company’s stock valued at $689,000 after acquiring an additional 63 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Materion by 4.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,266 shares of the basic materials company’s stock worth $282,000 after acquiring an additional 91 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Materion by 2.9% in the 4th quarter. Wealthspire Advisors LLC now owns 3,219 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 92 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Materion by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 604 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 110 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Materion by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 11,356 shares of the basic materials company’s stock valued at $1,411,000 after purchasing an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Price Performance

Shares of Materion stock opened at $208.85 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $246.95 and a 200 day moving average of $189.54. The company has a market cap of $4.34 billion, a PE ratio of 57.06 and a beta of 1.03. Materion Corporation has a 52 week low of $91.62 and a 52 week high of $298.87.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The business had revenue of $261.79 million during the quarter, compared to analyst estimates of $479.03 million. During the same period in the prior year, the business earned $1.13 EPS. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. As a group, equities research analysts forecast that Materion Corporation will post 6.45 earnings per share for the current year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be given a dividend of $0.145 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.58 annualized dividend and a dividend yield of 0.3%. Materion’s payout ratio is currently 15.85%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. KeyCorp lifted their target price on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Robert W. Baird started coverage on shares of Materion in a research report on Wednesday, April 1st. They set an “outperform” rating for the company. Finally, Weiss Ratings raised Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $237.00.

Materion 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.