Chatham Capital Group Inc. Acquires 9,286 Shares of Materion Co. (NYSE:MTRN)

Chatham Capital Group Inc. increased its holdings in shares of Materion Co. (NYSE:MTRN - Free Report) by 47.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,021 shares of the basic materials company's stock after acquiring an additional 9,286 shares during the quarter. Chatham Capital Group Inc. owned about 0.14% of Materion worth $2,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mountaineer Partners Management LLC raised its stake in Materion by 9,463.5% in the third quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company's stock valued at $1,023,235,000 after purchasing an additional 9,051,813 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Materion during the 4th quarter worth approximately $10,399,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Materion by 12.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company's stock worth $67,501,000 after acquiring an additional 64,470 shares during the period. Intech Investment Management LLC boosted its position in shares of Materion by 435.3% during the 3rd quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company's stock worth $4,007,000 after acquiring an additional 29,131 shares in the last quarter. Finally, Barclays PLC increased its stake in Materion by 356.9% in the third quarter. Barclays PLC now owns 34,877 shares of the basic materials company's stock valued at $3,902,000 after acquiring an additional 27,244 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.

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Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the 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 completion of the transaction, the chief financial officer now directly owns 14,632 shares in the company, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their ownership of the stock. The transaction 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 Price Performance

NYSE MTRN traded down $0.23 on Tuesday, hitting $84.95. 140,760 shares of the company's stock were exchanged, compared to its average volume of 94,762. The stock has a 50-day moving average of $97.27 and a 200-day moving average of $104.85. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 292.93 and a beta of 1.20. Materion Co. has a 52 week low of $83.72 and a 52 week high of $139.21. 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 announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share 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 business 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 company earned $1.41 EPS. Materion's revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Materion Co. will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were given a $0.135 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a yield of 0.64%. Materion's dividend payout ratio is currently 186.21%.

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.