Jackson Creek Investment Advisors LLC Makes New Investment in Materion Corporation $MTRN

Jackson Creek Investment Advisors LLC acquired a new stake in Materion Corporation (NYSE:MTRN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,112 shares of the basic materials company’s stock, valued at approximately $1,946,000. Jackson Creek Investment Advisors LLC owned about 0.08% of Materion at the end of the most recent reporting period.

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

Materion Trading Up 1.6%

NYSE MTRN opened at $140.44 on Tuesday. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 147.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.31 and a current ratio of 3.29. Materion Corporation has a one year low of $69.10 and a one year high of $152.99. The company’s 50 day moving average price is $131.58 and its 200 day moving average price is $120.75.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Thursday, February 19th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $0.56 annualized dividend and a yield of 0.4%. Materion’s payout ratio is 58.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Zacks Research downgraded shares of Materion from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. KeyCorp set a $161.00 price target on shares of Materion and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Materion currently has an average rating of “Hold” and a consensus price target of $161.00.

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.