abrdn plc Sells 46,242 Shares of Materion Co. (NYSE:MTRN)

abrdn plc lowered its stake in Materion Co. (NYSE:MTRN - Free Report) by 17.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 212,486 shares of the basic materials company's stock after selling 46,242 shares during the quarter. abrdn plc owned about 1.02% of Materion worth $21,142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MTRN. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 197 shares during the period. Quest Partners LLC increased its position in shares of Materion by 118.7% in the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company's stock valued at $63,000 after buying an additional 305 shares in the last quarter. ARK Investment Management LLC acquired a new stake in Materion during the 3rd quarter worth $85,000. KBC Group NV raised its stake in Materion by 54.5% during the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company's stock worth $87,000 after buying an additional 311 shares during the period. Finally, Algert Global LLC bought a new position in Materion during the second quarter worth about $225,000. 93.56% of the stock is currently owned by institutional investors.

Materion Trading Up 1.5 %

Shares of Materion stock traded up $1.49 during trading hours on Monday, hitting $100.86. The company's stock had a trading volume of 75,926 shares, compared to its average volume of 84,082. The company has a market capitalization of $2.09 billion, a PE ratio of 28.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. The stock has a 50 day moving average of $102.45 and a 200 day moving average of $107.62. Materion Co. has a 12 month low of $93.20 and a 12 month high of $145.08.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be paid a dividend of $0.135 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a yield of 0.54%. Materion's payout ratio is 15.21%.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the transaction, the chief financial officer now owns 13,200 shares in the company, valued at approximately $1,530,144. This represents a 7.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% 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.