Materion Co. (NYSE:MTRN) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its position in Materion Co. (NYSE:MTRN - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,750 shares of the basic materials company's stock after selling 3,500 shares during the period. Gamco Investors INC. ET AL owned about 0.92% of Materion worth $18,861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Materion during the fourth quarter worth approximately $10,399,000. Norges Bank purchased a new stake in Materion during the fourth quarter valued at about $5,037,000. JPMorgan Chase & Co. increased its stake in Materion by 69.1% during the fourth quarter. JPMorgan Chase & Co. now owns 103,799 shares of the basic materials company's stock worth $10,264,000 after acquiring an additional 42,414 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Materion by 6.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company's stock worth $46,830,000 after purchasing an additional 30,262 shares during the period. Finally, Barclays PLC grew its holdings in shares of Materion by 356.9% during the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company's stock worth $3,902,000 after purchasing an additional 27,244 shares during the period. Hedge funds and other institutional investors own 93.56% of the company's stock.

Materion Trading Down 1.5 %

NYSE MTRN traded down $1.15 during mid-day trading on Monday, hitting $77.62. The company's stock had a trading volume of 9,766 shares, compared to its average volume of 100,028. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26. Materion Co. has a 52-week low of $69.10 and a 52-week high of $123.21. The stock's fifty day simple moving average is $85.88 and its two-hundred day simple moving average is $98.94. The firm has a market capitalization of $1.61 billion, a P/E ratio of 267.66 and a beta of 1.15.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.12. The firm had revenue of $436.90 million during the quarter, compared to the consensus estimate of $433.22 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 EPS. Research analysts expect that Materion Co. will post 5.5 EPS for the current year.

Materion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, February 20th. Materion's dividend payout ratio is presently 186.21%.

Insider Buying and Selling at Materion

In other news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the completion of the transaction, the chief financial officer now owns 14,632 shares in the company, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.

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.