Old West Investment Management LLC Takes Position in Materion Corporation $MTRN

Old West Investment Management LLC purchased a new stake in Materion Corporation (NYSE:MTRN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,962 shares of the basic materials company’s stock, valued at approximately $841,000.

Several other large investors have also made changes to their positions in MTRN. Amalgamated Bank raised its stake in Materion by 1.5% during the 3rd quarter. Amalgamated Bank now owns 6,018 shares of the basic materials company’s stock valued at $727,000 after purchasing an additional 87 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Materion by 0.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 23,357 shares of the basic materials company’s stock valued at $2,822,000 after purchasing an additional 100 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Materion by 25.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 118 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Materion by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 3,160 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 126 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Materion by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 494 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Analyst Ratings Changes

MTRN has been the topic of several recent research reports. KeyCorp set a $161.00 target price on shares of Materion and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $161.00.

Materion Trading Up 4.3%

Shares of MTRN stock opened at $152.16 on Friday. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 160.16 and a beta of 0.87. The company has a current ratio of 3.29, a quick ratio of 1.31 and a debt-to-equity ratio of 0.49. Materion Corporation has a 1-year low of $69.10 and a 1-year high of $152.99. The stock has a 50-day moving average of $133.77 and a 200-day moving average of $121.88.

Materion Announces Dividend

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

Materion Company Profile

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.