Bank of New York Mellon Corp decreased its holdings in shares of Materion Co. (NYSE:MTRN - Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,592 shares of the basic materials company's stock after selling 9,222 shares during the period. Bank of New York Mellon Corp owned about 1.48% of Materion worth $30,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in MTRN. Mountaineer Partners Management LLC increased its stake in Materion by 9,463.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company's stock worth $1,023,235,000 after buying an additional 9,051,813 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Materion by 3.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 625,767 shares of the basic materials company's stock worth $61,876,000 after purchasing an additional 22,322 shares in the last quarter. Geode Capital Management LLC raised its stake in Materion by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company's stock valued at $52,246,000 after purchasing an additional 2,953 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in Materion by 2.2% in the 4th quarter. Copeland Capital Management LLC now owns 412,795 shares of the basic materials company's stock valued at $40,817,000 after purchasing an additional 8,842 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Materion by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company's stock worth $28,299,000 after purchasing an additional 5,944 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.
Materion Price Performance
Shares of NYSE MTRN traded down $1.07 during mid-day trading on Wednesday, reaching $83.93. The company's stock had a trading volume of 82,194 shares, compared to its average volume of 94,885. The stock has a 50-day moving average of $97.00 and a two-hundred day moving average of $104.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. The stock has a market capitalization of $1.74 billion, a P/E ratio of 290.62 and a beta of 1.20. Materion Co. has a 1-year low of $83.56 and a 1-year high of $139.21.
Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.43 by $0.12. Materion had a return on equity of 12.42% and a net margin of 0.35%. The firm had revenue of $436.90 million during the quarter, compared to analysts' expectations of $433.22 million. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 earnings per share. On average, equities research analysts anticipate that Materion Co. will post 5.5 EPS for the current fiscal year.
Materion Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 20th. Materion's payout ratio is currently 186.21%.
Insider Buying and Selling
In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction of $81,498.20. Following the completion of the sale, the chief financial officer now owns 14,632 shares of the company's stock, valued at $1,481,343.68. This trade represents a 5.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by company insiders.
Materion Company Profile
(
Free Report)
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.
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