Fisher Asset Management LLC Has $16.25 Million Holdings in Materion Co. (NYSE:MTRN)

Fisher Asset Management LLC lifted its stake in Materion Co. (NYSE:MTRN - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,360 shares of the basic materials company's stock after buying an additional 7,782 shares during the period. Fisher Asset Management LLC owned approximately 0.79% of Materion worth $16,252,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake 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 buying an additional 197 shares during the last quarter. Quest Partners LLC boosted its position in 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 purchasing an additional 305 shares during the period. ARK Investment Management LLC bought a new position in shares of Materion during the third quarter worth about $85,000. KBC Group NV lifted its position in Materion by 54.5% in the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company's stock valued at $87,000 after purchasing an additional 311 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in Materion during the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 93.56% of the company's stock.

Materion Stock Performance

Shares of NYSE:MTRN traded down $0.17 during trading hours on Friday, hitting $88.92. The stock had a trading volume of 74,901 shares, compared to its average volume of 94,248. 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's fifty day simple moving average is $97.80 and its 200 day simple moving average is $105.35. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 306.62 and a beta of 1.23. Materion Co. has a 1-year low of $84.46 and a 1-year high of $139.21.

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Materion (NYSE:MTRN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share 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 for the quarter, compared to the consensus estimate of $433.22 million. During the same quarter in the previous year, the business earned $1.41 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.61%. Materion's payout ratio is currently 186.21%.

Insider Buying and Selling

In related 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 value of $81,498.20. Following the transaction, the chief financial officer now owns 14,632 shares of the company's stock, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by insiders.

Materion 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.