Dynamic Technology Lab Private Ltd Acquires New Shares in Materion Co. (NYSE:MTRN)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Materion Co. (NYSE:MTRN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,302 shares of the basic materials company's stock, valued at approximately $425,000.

A number of other large investors also recently added to or reduced their stakes in MTRN. GAMMA Investing LLC grew its stake in shares of Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock valued at $26,000 after buying an additional 197 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Materion by 269.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company's stock worth $43,000 after acquiring an additional 318 shares during the last quarter. KBC Group NV increased its stake in Materion by 54.5% in the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company's stock worth $87,000 after purchasing an additional 311 shares during the period. US Bancorp DE lifted its position in Materion by 30.3% in the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock valued at $133,000 after purchasing an additional 313 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of Materion during the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 93.56% of the company's stock.

Materion Trading Up 1.8 %

Shares of NYSE MTRN traded up $1.41 during mid-day trading on Monday, hitting $79.56. The stock had a trading volume of 7,544 shares, compared to its average volume of 99,757. The business has a 50 day moving average price of $88.08 and a two-hundred day moving average price of $99.91. Materion Co. has a 1 year low of $69.10 and a 1 year high of $126.97. 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 firm has a market cap of $1.65 billion, a P/E ratio of 274.34 and a beta of 1.15.

Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings data 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 net margin of 0.35% and a return on equity of 12.42%. The firm had revenue of $436.90 million during the quarter, compared to the consensus estimate of $433.22 million. During the same period in the prior year, the firm posted $1.41 earnings per share. The company's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were issued a $0.135 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 annualized dividend and a yield of 0.68%. Materion's dividend payout ratio (DPR) is presently 186.21%.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the sale, the chief financial officer now owns 14,632 shares in the company, valued at approximately $1,481,343.68. This represents a 5.21 % 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 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.