Natixis Advisors LLC Has $8.98 Million Stock Position in Materion Corporation (NYSE:MTRN)

Key Points

• Natixis Advisors LLC reduced its stake in Materion Corporation by 5.7%, selling 6,711 shares, and now holds 110,024 shares valued at approximately $8.98 million.
• Materion recently reported $1.37 EPS for the quarter, exceeding analyst expectations of $1.18 and showing a 1.4% year-over-year revenue increase.
• The company also declared a quarterly dividend of $0.14 per share, reflecting a dividend yield of 0.5% and a payout ratio of 70%.

Natixis Advisors LLC reduced its stake in Materion Corporation (NYSE:MTRN - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,024 shares of the basic materials company's stock after selling 6,711 shares during the period. Natixis Advisors LLC owned approximately 0.53% of Materion worth $8,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in Materion by 2.3% in the first quarter. Principal Financial Group Inc. now owns 103,572 shares of the basic materials company's stock worth $8,451,000 after acquiring an additional 2,369 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Materion by 722.2% in the 1st 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 in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Materion by 7.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company's stock valued at $54,917,000 after purchasing an additional 47,240 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Materion in the 1st quarter valued at about $714,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Materion in the 1st quarter valued at about $248,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Materion

In other news, CAO Melissa A. Fashinpaur sold 1,140 shares of the firm's 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of the business's stock in a transaction 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 transaction, the vice president directly owned 10,376 shares in the company, valued at $1,091,243.92. This represents a 22.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

Materion Trading Down 2.0%

NYSE:MTRN traded down $2.23 during trading hours on Friday, reaching $106.91. The company's stock had a trading volume of 142,632 shares, compared to its average volume of 150,751. The firm has a 50-day simple moving average of $86.97 and a 200-day simple moving average of $86.61. Materion Corporation has a 1 year low of $69.10 and a 1 year high of $123.21. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 133.65 and a beta of 0.85. 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 posted its earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.19. The company had revenue of $431.66 million during the quarter, compared to analysts' expectations of $403.73 million. Materion had a net margin of 0.94% and a return on equity of 12.69%. Materion's quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $1.42 earnings per share. Research analysts expect that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. Materion's dividend payout ratio is currently 70.00%.

Analyst Upgrades and Downgrades

MTRN has been the subject of several research analyst reports. KeyCorp upgraded Materion from a "sector weight" rating to an "overweight" rating and set a $112.00 price objective for the company in a report on Friday, July 18th. Wall Street Zen cut Materion from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

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.