Geode Capital Management LLC Has $45.87 Million Stock Position in Materion Co. (NYSE:MTRN)

Geode Capital Management LLC decreased its position in Materion Co. (NYSE:MTRN - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 463,759 shares of the basic materials company's stock after selling 3,213 shares during the period. Geode Capital Management LLC owned about 2.23% of Materion worth $45,868,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Materion by 307.8% in the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 197 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Materion by 269.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 318 shares during the last quarter. KBC Group NV grew its position in shares of 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 acquiring an additional 311 shares during the period. US Bancorp DE raised its holdings in shares of Materion by 30.3% in the 4th 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 period. Finally, CIBC Asset Management Inc acquired a new stake in Materion in the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 93.56% of the company's stock.

Materion Stock Performance

NYSE MTRN traded up $0.37 during trading on Friday, reaching $78.71. 89,017 shares of the company's stock were exchanged, compared to its average volume of 100,387. Materion Co. has a fifty-two week low of $69.10 and a fifty-two week high of $123.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26. The business has a 50 day moving average price of $85.88 and a 200-day moving average price of $98.95. The stock has a market capitalization of $1.63 billion, a P/E ratio of 271.42 and a beta of 1.15.

Materion (NYSE:MTRN - Get Free Report) last released its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $436.90 million for the quarter, compared to analyst estimates of $433.22 million. During the same period in the prior year, the firm posted $1.41 EPS. Materion's quarterly revenue was up 3.8% on a year-over-year basis. Sell-side analysts forecast that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, February 20th. Materion's payout ratio is 186.21%.

Insider Buying and Selling at Materion

In other news, CFO Shelly Marie Chadwick sold 805 shares of the firm's 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 completion of the transaction, the chief financial officer now directly owns 14,632 shares in the company, valued at $1,481,343.68. This trade represents a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.60% of the company's stock.

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.