Barclays PLC lifted its stake in Materion Co. (NYSE:MTRN - Free Report) by 356.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,877 shares of the basic materials company's stock after purchasing an additional 27,244 shares during the quarter. Barclays PLC owned about 0.17% of Materion worth $3,902,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Mountaineer Partners Management LLC increased its stake in shares of Materion by 9,463.5% in the third quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company's stock worth $1,023,235,000 after acquiring an additional 9,051,813 shares during the period. F M Investments LLC acquired a new stake in Materion during the 2nd quarter worth about $11,643,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Materion by 31.3% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company's stock worth $48,010,000 after purchasing an additional 105,969 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Materion by 12.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company's stock valued at $67,501,000 after buying an additional 64,470 shares during the period. Finally, abrdn plc boosted its stake in shares of Materion by 19.8% in the third quarter. abrdn plc now owns 258,728 shares of the basic materials company's stock worth $28,941,000 after buying an additional 42,717 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.
Materion Stock Performance
MTRN stock traded up $0.58 during trading on Monday, hitting $100.12. 84,034 shares of the company traded hands, compared to its average volume of 99,597. Materion Co. has a 1 year low of $96.18 and a 1 year high of $145.08. The company has a market cap of $2.08 billion, a PE ratio of 28.20 and a beta of 1.21. The stock's 50-day simple moving average is $110.62 and its 200 day simple moving average is $110.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26.
Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.41. The firm had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. On average, equities analysts expect that Materion Co. will post 5.24 earnings per share for the current fiscal year.
Materion Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, November 14th. Materion's dividend payout ratio (DPR) is presently 15.21%.
Insider Transactions at Materion
In related news, VP Gregory R. Chemnitz sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the sale, the vice president now directly owns 12,031 shares in the company, valued at approximately $1,414,484.67. The trade was a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the firm's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $115.92, for a total value of $115,920.00. Following the completion of the transaction, the chief financial officer now owns 13,200 shares in the company, valued at $1,530,144. The trade was a 7.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.
Materion Profile
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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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