Materion Co. (NYSE:MTRN) Shares Bought by Capital Research Global Investors

Capital Research Global Investors grew its position in Materion Co. (NYSE:MTRN - Free Report) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,838,484 shares of the basic materials company's stock after acquiring an additional 257,637 shares during the quarter. Capital Research Global Investors owned approximately 8.86% of Materion worth $181,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock worth $26,000 after purchasing an additional 197 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Materion by 269.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company's stock worth $43,000 after acquiring an additional 318 shares during the last quarter. KBC Group NV boosted its stake in Materion by 54.5% in the fourth 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 position in shares of Materion by 30.3% during the 4th quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock worth $133,000 after purchasing an additional 313 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in Materion during the 4th quarter valued at approximately $202,000. 93.56% of the stock is owned by institutional investors and hedge funds.

Materion Stock Performance

NYSE MTRN traded down $0.67 during trading hours on Friday, hitting $83.01. The company had a trading volume of 68,718 shares, compared to its average volume of 100,590. Materion Co. has a fifty-two week low of $69.10 and a fifty-two week high of $123.21. The firm has a market cap of $1.72 billion, a P/E ratio of 286.24 and a beta of 1.15. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $84.53 and a 200-day simple moving average of $98.36.

Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings data 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 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 previous year, the firm posted $1.41 earnings per share. The business's revenue was up 3.8% on a year-over-year basis. Equities analysts predict that Materion Co. will post 5.5 EPS for the current year.

Materion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a $0.135 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a yield of 0.65%. Materion's dividend payout ratio is presently 186.21%.

Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the company's 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by corporate 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.