First Citizens Bank & Trust Co. Takes $339,000 Position in Materion Corporation $MTRN

First Citizens Bank & Trust Co. bought a new stake in Materion Corporation (NYSE:MTRN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,267 shares of the basic materials company’s stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Materion during the first quarter valued at $34,000. CWM LLC grew its holdings in Materion by 387.0% during the second quarter. CWM LLC now owns 1,232 shares of the basic materials company’s stock valued at $98,000 after purchasing an additional 979 shares during the period. GAMMA Investing LLC grew its holdings in Materion by 722.2% during the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 1,885 shares during the period. AQR Capital Management LLC bought a new position in Materion during the first quarter valued at $201,000. Finally, Dover Advisors LLC bought a new position in Materion during the second quarter valued at $209,000. 93.56% of the stock is owned by institutional investors.

Insider Buying and Selling at Materion

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $105.17, for a total transaction of $315,510.00. Following the sale, the vice president directly owned 10,376 shares of the company’s stock, valued at approximately $1,091,243.92. The trade was a 22.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of Materion stock in a transaction that occurred on Monday, August 4th. The shares were 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. In the last three months, insiders have sold 5,295 shares of company stock valued at $557,392. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MTRN shares. Wall Street Zen raised Materion from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a report on Saturday. Zacks Research lowered Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, KeyCorp raised their price target on Materion from $115.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Materion has an average rating of “Hold” and an average price target of $117.00.

Materion Trading Up 1.7%

NYSE MTRN opened at $134.22 on Monday. The stock’s 50-day simple moving average is $118.75 and its two-hundred day simple moving average is $96.98. Materion Corporation has a twelve month low of $69.10 and a twelve month high of $135.14. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 167.78 and a beta of 0.91.

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

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 13th. Materion’s payout ratio is presently 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.