Sei Investments Co. Increases Holdings in Materion Corporation $MTRN

Sei Investments Co. raised its holdings in shares of Materion Corporation (NYSE:MTRN) by 12.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,608 shares of the basic materials company’s stock after purchasing an additional 9,003 shares during the period. Sei Investments Co.’s holdings in Materion were worth $11,516,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP grew its position in shares of Materion by 197.3% in the 1st quarter. First Trust Advisors LP now owns 5,987 shares of the basic materials company’s stock worth $866,000 after buying an additional 3,973 shares during the last quarter. Swiss National Bank raised its holdings in shares of Materion by 0.5% during the first quarter. Swiss National Bank now owns 41,000 shares of the basic materials company’s stock valued at $5,931,000 after acquiring an additional 200 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Materion by 12.4% during the first quarter. Illinois Municipal Retirement Fund now owns 12,074 shares of the basic materials company’s stock valued at $1,747,000 after acquiring an additional 1,331 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Materion by 3,571.4% in the first quarter. Hillsdale Investment Management Inc. now owns 2,570 shares of the basic materials company’s stock worth $372,000 after acquiring an additional 2,500 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Materion by 21.5% in the first quarter. Principal Financial Group Inc. now owns 120,164 shares of the basic materials company’s stock worth $17,382,000 after acquiring an additional 21,295 shares during the period. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Trading Up 1.8%

NYSE MTRN opened at $211.84 on Friday. The firm has a market capitalization of $4.41 billion, a PE ratio of 57.88 and a beta of 1.03. The stock’s 50 day moving average is $246.52 and its 200 day moving average is $190.56. Materion Corporation has a twelve month low of $100.00 and a twelve month high of $298.87. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50.

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

Materion Announces Dividend

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

Wall Street Analyst Weigh In

MTRN has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. KeyCorp upped their price objective on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.00.

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.