Jackson Creek Investment Advisors LLC Purchases New Shares in Materion Corporation $MTRN

Jackson Creek Investment Advisors LLC acquired a new position in Materion Corporation (NYSE:MTRN) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,112 shares of the basic materials company’s stock, valued at approximately $1,946,000.

Several other large investors also recently modified their holdings of MTRN. EverSource Wealth Advisors LLC lifted its stake in shares of Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Materion during the 1st quarter valued at approximately $34,000. First Horizon Advisors Inc. increased its holdings in Materion by 25.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 118 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Materion in the 2nd quarter valued at approximately $50,000. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of Materion during the 2nd quarter valued at approximately $53,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Trading Up 1.6%

Materion stock opened at $140.44 on Tuesday. Materion Corporation has a 1 year low of $69.10 and a 1 year high of $152.99. The firm’s 50-day moving average is $131.58 and its 200-day moving average is $120.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.31 and a current ratio of 3.29. The company has a market cap of $2.91 billion, a P/E ratio of 147.83 and a beta of 0.87.

Materion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, February 19th. Materion’s dividend payout ratio is presently 58.95%.

Analyst Upgrades and Downgrades

MTRN has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. KeyCorp set a $161.00 target price on shares of Materion and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Zacks Research lowered shares of Materion from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $161.00.

About Materion

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.