Entropy Technologies LP Takes $238,000 Position in Materion Corporation $MTRN

Entropy Technologies LP bought a new stake in shares of Materion Corporation (NYSE:MTRN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,000 shares of the basic materials company’s stock, valued at approximately $238,000.

Several other institutional investors have also added to or reduced their stakes in the business. Dover Advisors LLC bought a new stake in shares of Materion during the 2nd quarter valued at $209,000. Intech Investment Management LLC lifted its position in Materion by 67.6% during 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 purchasing an additional 49,217 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Materion by 41.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,106 shares of the basic materials company’s stock valued at $23,592,000 after purchasing an additional 84,482 shares during the period. Victory Capital Management Inc. increased its position in Materion by 3.2% in the first quarter. Victory Capital Management Inc. now owns 8,124 shares of the basic materials company’s stock worth $663,000 after buying an additional 250 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of Materion by 7.8% in the first quarter. Avantax Advisory Services Inc. now owns 3,735 shares of the basic materials company’s stock worth $305,000 after buying an additional 271 shares during the period. 93.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MTRN has been the subject of a number of recent research reports. KeyCorp boosted their price objective on Materion from $115.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. 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 downgraded shares of Materion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Materion currently has a consensus rating of “Hold” and an average price target of $117.00.

Insider Buying and Selling

In related news, VP Gregory R. Chemnitz sold 864 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $113.23, for a total transaction of $97,830.72. Following the completion of the transaction, the vice president directly owned 10,376 shares of the company’s stock, valued at approximately $1,174,874.48. This represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Materion Price Performance

MTRN stock opened at $120.89 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 3.28. The company’s fifty day moving average price is $121.54 and its 200-day moving average price is $103.14. Materion Corporation has a one year low of $69.10 and a one year high of $135.33. The company has a market capitalization of $2.51 billion, a PE ratio of 127.25 and a beta of 0.91.

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 company had revenue of $230.20 million for the quarter. Materion had a net margin of 1.12% and a return on equity of 12.66%. On average, equities analysts anticipate that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Thursday, November 13th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, November 13th. Materion’s payout ratio is currently 58.95%.

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.