Northern Trust Corp boosted its holdings in shares of Materion Corp (NYSE:MTRN) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 882,390 shares of the basic materials company’s stock after acquiring an additional 3,355 shares during the quarter. Northern Trust Corp’s holdings in Materion were worth $45,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Materion in the 1st quarter valued at $174,000. Koch Industries Inc. bought a new stake in shares of Materion in the 4th quarter valued at $209,000. Capital Fund Management S.A. bought a new stake in shares of Materion in the 4th quarter valued at $219,000. Two Sigma Advisers LP bought a new stake in shares of Materion in the 4th quarter valued at $308,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Materion in the 4th quarter valued at $329,000. 88.84% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MTRN opened at $56.35 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.58 and a current ratio of 3.48. Materion Corp has a 52 week low of $35.61 and a 52 week high of $57.45. The firm has a market capitalization of $1.15 billion, a PE ratio of 32.76 and a beta of 0.99.

Materion (NYSE:MTRN) last released its earnings results on Thursday, April 26th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.07. Materion had a net margin of 1.58% and a return on equity of 7.83%. The company had revenue of $303.50 million for the quarter, compared to the consensus estimate of $300.73 million. During the same quarter in the previous year, the company earned $0.29 EPS. Materion’s quarterly revenue was up 26.1% compared to the same quarter last year. equities research analysts forecast that Materion Corp will post 2.1 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Wednesday, May 16th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Tuesday, May 15th. This is an increase from Materion’s previous quarterly dividend of $0.10. Materion’s payout ratio is presently 24.42%.

In related news, Director Craig S. Shular sold 7,626 shares of the business’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $53.76, for a total transaction of $409,973.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Gregory R. Chemnitz sold 5,000 shares of the business’s stock in a transaction on Friday, May 4th. The shares were sold at an average price of $52.02, for a total transaction of $260,100.00. Following the transaction, the vice president now owns 12,576 shares in the company, valued at approximately $654,203.52. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

A number of equities research analysts have recently commented on MTRN shares. Zacks Investment Research raised shares of Materion from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. ValuEngine raised shares of Materion from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. TheStreet raised shares of Materion from a “c+” rating to a “b” rating in a research note on Thursday, April 26th. Finally, Jefferies Financial Group set a $48.00 price objective on shares of Materion and gave the company a “hold” rating in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Materion currently has an average rating of “Buy” and an average price target of $54.00.

Materion Profile

Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates through Performance Alloys and Composites, Advanced Materials, and Precision Coatings segments.

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Institutional Ownership by Quarter for Materion (NYSE:MTRN)

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