Swiss National Bank continued to hold its position in shares of Materion Corporation (NYSE:MTRN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,300 shares of the basic materials company’s stock at the end of the first quarter. Swiss National Bank owned approximately 0.17% of Materion Corporation worth $1,151,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of MTRN. First Midwest Bank Trust Division raised its position in shares of Materion Corporation by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 7,222 shares of the basic materials company’s stock worth $242,000 after buying an additional 231 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Materion Corporation by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,678,473 shares of the basic materials company’s stock worth $66,469,000 after buying an additional 89,780 shares during the period. Comerica Bank raised its position in shares of Materion Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 21,281 shares of the basic materials company’s stock worth $842,000 after buying an additional 1,151 shares during the period. Two Sigma Investments LP acquired a new position in shares of Materion Corporation during the fourth quarter worth about $401,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Materion Corporation during the fourth quarter worth about $321,000. 89.63% of the stock is owned by institutional investors and hedge funds.
Materion Corporation (NYSE:MTRN) traded up 0.77% during midday trading on Friday, reaching $39.05. The company’s stock had a trading volume of 157,201 shares. Materion Corporation has a 52-week low of $25.65 and a 52-week high of $41.22. The stock has a market capitalization of $781.43 million, a price-to-earnings ratio of 31.52 and a beta of 1.15. The firm has a 50-day moving average price of $37.39 and a 200 day moving average price of $36.10.
Materion Corporation (NYSE:MTRN) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $295.80 million during the quarter, compared to analyst estimates of $254.28 million. Materion Corporation had a net margin of 2.47% and a return on equity of 5.96%. Materion Corporation’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. Equities research analysts predict that Materion Corporation will post $1.50 EPS for the current fiscal year.
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A number of equities analysts recently issued reports on MTRN shares. Zacks Investment Research raised Materion Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Jefferies Group LLC restated a “hold” rating and issued a $34.00 target price on shares of Materion Corporation in a research report on Friday, July 7th.
In other Materion Corporation news, insider Richard J. Hipple sold 5,000 shares of Materion Corporation stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $34.47, for a total transaction of $172,350.00. Following the completion of the sale, the insider now owns 122,091 shares of the company’s stock, valued at approximately $4,208,476.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard J. Hipple sold 2,500 shares of Materion Corporation stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $34.53, for a total transaction of $86,325.00. Following the sale, the insider now directly owns 117,091 shares of the company’s stock, valued at approximately $4,043,152.23. The disclosure for this sale can be found here. In the last three months, insiders sold 72,500 shares of company stock valued at $2,579,650. 2.90% of the stock is currently owned by company insiders.
About Materion Corporation
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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