XTX Topco Ltd Buys New Holdings in Materion Corporation (NYSE:MTRN)

Key Points

• XTX Topco Ltd has made a new investment in Materion Corporation, purchasing 5,048 shares valued at approximately $412,000.
• Materion's recent quarterly earnings report showed an EPS of $1.37, exceeding the consensus estimate by $0.19, with revenue of $431.66 million.
• The company's quarterly dividend will be paid on September 5th, with a dividend of $0.14 per share, reflecting an annualized yield of 0.5% and a payout ratio of 70.00%.

XTX Topco Ltd bought a new stake in Materion Corporation (NYSE:MTRN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,048 shares of the basic materials company's stock, valued at approximately $412,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC increased its holdings in Materion by 6.9% in the fourth quarter. LPL Financial LLC now owns 3,740 shares of the basic materials company's stock valued at $370,000 after buying an additional 241 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Materion by 69.1% in the 4th quarter. JPMorgan Chase & Co. now owns 103,799 shares of the basic materials company's stock valued at $10,264,000 after purchasing an additional 42,414 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Materion by 30.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,052 shares of the basic materials company's stock valued at $302,000 after acquiring an additional 713 shares during the period. Trexquant Investment LP acquired a new stake in shares of Materion in the fourth quarter valued at $298,000. Finally, Wells Fargo & Company MN raised its stake in shares of Materion by 6.7% in the fourth quarter. Wells Fargo & Company MN now owns 46,025 shares of the basic materials company's stock valued at $4,551,000 after acquiring an additional 2,888 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on MTRN shares. Wall Street Zen downgraded shares of Materion from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. KeyCorp reiterated an "overweight" rating and issued a $117.00 price target (up previously from $115.00) on shares of Materion in a report on Wednesday.

Materion Price Performance

NYSE:MTRN traded up $0.82 during mid-day trading on Wednesday, hitting $110.96. 45,611 shares of the company's stock traded hands, compared to its average volume of 151,326. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.25 and a current ratio of 3.17. The firm's 50 day simple moving average is $88.81 and its 200 day simple moving average is $86.60. Materion Corporation has a 1 year low of $69.10 and a 1 year high of $123.21. The company has a market cap of $2.30 billion, a PE ratio of 138.71 and a beta of 0.85.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.19. Materion had a net margin of 0.94% and a return on equity of 12.69%. The firm had revenue of $431.66 million for the quarter, compared to analysts' expectations of $403.73 million. During the same period in the previous year, the company posted $1.42 earnings per share. Materion's revenue was up 1.4% compared to the same quarter last year. Sell-side analysts expect that Materion Corporation will post 5.5 EPS for the current year.

Materion Dividend Announcement

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

Insider Buying and Selling at Materion

In other news, CAO Melissa A. Fashinpaur sold 1,140 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $105.34, for a total value of $120,087.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Gregory R. Chemnitz sold 3,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $105.17, for a total value of $315,510.00. Following the completion of 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 disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Materion Company 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.