KLP Kapitalforvaltning AS Buys New Stake in Materion Co. (NYSE:MTRN)

KLP Kapitalforvaltning AS purchased a new position in Materion Co. (NYSE:MTRN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,200 shares of the basic materials company's stock, valued at approximately $415,000.

Several other large investors also recently bought and sold shares of the company. Stifel Financial Corp grew its stake in Materion by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company's stock valued at $3,991,000 after purchasing an additional 91 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of Materion by 1.5% during the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company's stock valued at $1,079,000 after buying an additional 165 shares during the last quarter. Aurora Investment Counsel grew its position in shares of Materion by 2.8% during the fourth quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company's stock worth $643,000 after buying an additional 180 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Materion by 307.8% in the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock worth $26,000 after buying an additional 197 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in Materion by 5.3% in the fourth quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company's stock valued at $399,000 after acquiring an additional 204 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.

Materion Stock Up 9.5 %

MTRN stock traded up $6.86 during mid-day trading on Wednesday, hitting $79.01. 171,627 shares of the company were exchanged, compared to its average volume of 100,233. The firm has a fifty day simple moving average of $88.94 and a 200 day simple moving average of $100.42. The company has a market capitalization of $1.64 billion, a PE ratio of 272.45 and a beta of 1.15. Materion Co. has a twelve month low of $69.10 and a twelve month high of $129.60. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.12. Materion had a return on equity of 12.42% and a net margin of 0.35%. The business had revenue of $436.90 million during the quarter, compared to the consensus estimate of $433.22 million. During the same period last year, the firm earned $1.41 earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts forecast 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 was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.68%. Materion's dividend payout ratio (DPR) is 186.21%.

Insider Transactions at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the company's stock in a transaction on 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 represents a 5.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company's stock.

About Materion

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.