Segall Bryant & Hamill LLC Purchases 11,198 Shares of Materion Co. (NYSE:MTRN)

Segall Bryant & Hamill LLC lifted its holdings in Materion Co. (NYSE:MTRN) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,086 shares of the basic materials company’s stock after acquiring an additional 11,198 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 1.07% of Materion worth $24,731,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Materion during the 1st quarter worth approximately $150,000. Sei Investments Co. boosted its position in Materion by 19.6% during the first quarter. Sei Investments Co. now owns 31,898 shares of the basic materials company’s stock valued at $4,203,000 after purchasing an additional 5,229 shares during the last quarter. Vanguard Group Inc. grew its stake in Materion by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,553,237 shares of the basic materials company’s stock valued at $336,389,000 after purchasing an additional 12,041 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Materion during the 1st quarter worth approximately $747,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Materion by 2.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,997 shares of the basic materials company’s stock worth $2,366,000 after purchasing an additional 441 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

Materion Price Performance

NYSE:MTRN opened at $111.59 on Wednesday. Materion Co. has a 12-month low of $96.18 and a 12-month high of $145.08. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 31.43 and a beta of 1.19. The stock’s 50 day moving average price is $108.14 and its two-hundred day moving average price is $110.40. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. The firm had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 earnings per share. On average, analysts anticipate that Materion Co. will post 5.24 earnings per share for the current year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be issued a dividend of $0.135 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.54 annualized dividend and a yield of 0.48%. Materion’s payout ratio is currently 15.21%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Insider Activity at Materion

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the sale, the vice president now owns 12,031 shares in the company, valued at $1,414,484.67. The trade was a 14.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

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.