Choreo LLC Takes Position in Materion Co. (NYSE:MTRN)

Choreo LLC acquired a new stake in shares of Materion Co. (NYSE:MTRN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,168 shares of the basic materials company's stock, valued at approximately $315,000.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 197 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of Materion by 118.7% during the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company's stock valued at $63,000 after acquiring an additional 305 shares in the last quarter. ARK Investment Management LLC acquired a new stake in shares of Materion during the 3rd quarter valued at $85,000. KBC Group NV lifted its holdings in Materion by 54.5% during the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company's stock worth $87,000 after buying an additional 311 shares during the period. Finally, Centiva Capital LP acquired a new position in Materion during the 3rd quarter worth about $259,000. Institutional investors and hedge funds own 93.56% of the company's stock.

Materion Trading Down 2.3 %

MTRN traded down $2.31 during midday trading on Monday, hitting $96.83. 76,509 shares of the company were exchanged, compared to its average volume of 80,609. The firm has a market capitalization of $2.01 billion, a P/E ratio of 27.28 and a beta of 1.23. Materion Co. has a 1-year low of $93.20 and a 1-year high of $145.08. The firm's 50 day moving average price is $100.95 and its 200-day moving average price is $106.90. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Materion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, February 20th. Materion's payout ratio is presently 15.21%.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction of $81,498.20. Following the transaction, the chief financial officer now directly owns 14,632 shares of the company's stock, valued at approximately $1,481,343.68. The trade was a 5.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.30% of the company's stock.

Materion Company Profile

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.