Aberdeen Group plc Sells 33,902 Shares of Materion Corporation $MTRN

Key Points

• Aberdeen Group plc reduced its stake in Materion Corporation by 13.6%, selling 33,902 shares, and now holds approximately 1.03% of the company, valued at $17 million.
• The recent earnings report indicated Materion had a net margin of 0.94% with revenue of $230.20 million for the quarter ending March 22nd.
• Materion Corporation announced a quarterly dividend of $0.14 per share, with a current annualized yield of 0.4% and a payout ratio of 70%.

Aberdeen Group plc trimmed its position in shares of Materion Corporation (NYSE:MTRN - Free Report) by 13.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 214,663 shares of the basic materials company's stock after selling 33,902 shares during the period. Aberdeen Group plc owned about 1.03% of Materion worth $17,038,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in Materion in the 1st quarter worth about $9,707,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Materion by 41.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,106 shares of the basic materials company's stock worth $23,592,000 after acquiring an additional 84,482 shares in the last quarter. Copeland Capital Management LLC grew its stake in Materion by 16.0% in the 2nd quarter. Copeland Capital Management LLC now owns 465,746 shares of the basic materials company's stock worth $36,966,000 after acquiring an additional 64,289 shares in the last quarter. Trigran Investments Inc. grew its stake in Materion by 7.7% in the 1st quarter. Trigran Investments Inc. now owns 794,765 shares of the basic materials company's stock worth $64,853,000 after acquiring an additional 56,935 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in Materion by 67.6% in the 1st quarter. Intech Investment Management LLC now owns 122,009 shares of the basic materials company's stock worth $9,956,000 after acquiring an additional 49,217 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors.

Materion Price Performance

Shares of MTRN opened at $127.32 on Wednesday. The company has a 50 day moving average price of $115.40 and a 200-day moving average price of $93.85. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $130.00. The stock has a market capitalization of $2.64 billion, a PE ratio of 159.15 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.25 and a current ratio of 3.17.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share for the quarter. Materion had a net margin of 0.94% and a return on equity of 12.69%. The firm had revenue of $230.20 million during the quarter. Equities analysts predict that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. Materion's dividend payout ratio is presently 70.00%.

Insider Activity at Materion

In related news, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $105.17, for a total transaction of $315,510.00. Following the completion of the sale, the vice president owned 10,376 shares of the company's stock, valued at $1,091,243.92. This represents a 22.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director N Mohan Reddy sold 1,155 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $105.45, for a total transaction of $121,794.75. The disclosure for this sale can be found here. Insiders sold 5,295 shares of company stock valued at $557,392 over the last 90 days. Insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on MTRN shares. Weiss Ratings restated a "hold (c-)" rating on shares of Materion in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Materion from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. KeyCorp upped their target price on shares of Materion from $115.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of Materion from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $117.00.

Materion Profile

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.

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