BNP Paribas Arbitrage SA lowered its position in shares of Materion Corp (NYSE:MTRN) by 74.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,945 shares of the basic materials company’s stock after selling 5,758 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Materion were worth $105,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MTRN. Cubist Systematic Strategies LLC boosted its holdings in shares of Materion by 40.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 3,869 shares of the basic materials company’s stock valued at $198,000 after buying an additional 1,124 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Materion by 4.0% in the 1st quarter. California Public Employees Retirement System now owns 40,319 shares of the basic materials company’s stock valued at $2,058,000 after buying an additional 1,549 shares during the last quarter. Uniplan Investment Counsel Inc. boosted its holdings in shares of Materion by 1.8% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 181,238 shares of the basic materials company’s stock valued at $9,252,000 after buying an additional 3,214 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Materion by 0.4% in the 1st quarter. Northern Trust Corp now owns 882,390 shares of the basic materials company’s stock valued at $45,045,000 after buying an additional 3,355 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Materion in the 1st quarter valued at approximately $174,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Materion stock opened at $63.40 on Friday. Materion Corp has a 1 year low of $37.30 and a 1 year high of $65.10. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 36.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.48 and a quick ratio of 1.69.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Thursday, July 26th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Materion had a return on equity of 8.30% and a net margin of 1.88%. The business had revenue of $309.10 million during the quarter, compared to the consensus estimate of $311.90 million. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. sell-side analysts forecast that Materion Corp will post 2.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 21st will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Monday, August 20th. Materion’s dividend payout ratio is 24.42%.

Several equities research analysts have recently commented on MTRN shares. ValuEngine downgraded Materion from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 21st. Zacks Investment Research raised Materion from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, June 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Materion has an average rating of “Buy” and a consensus target price of $58.50.

In other news, VP Joseph P. Kelley acquired 2,923 shares of the stock in a transaction on Wednesday, August 8th. The shares were purchased at an average price of $63.74 per share, for a total transaction of $186,312.02. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $63.31, for a total value of $126,620.00. Following the transaction, the vice president now owns 12,523 shares in the company, valued at approximately $792,831.13. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Materion Company 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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