LGT Group Foundation Trims Holdings in Materion Co. (NYSE:MTRN)

LGT Group Foundation cut its stake in Materion Co. (NYSE:MTRN - Free Report) by 82.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,400 shares of the basic materials company's stock after selling 20,800 shares during the period. LGT Group Foundation's holdings in Materion were worth $435,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in 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 increased its holdings in shares of Materion by 269.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company's stock worth $43,000 after buying an additional 318 shares during the last quarter. Quest Partners LLC raised 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 worth $63,000 after buying an additional 305 shares during the period. ARK Investment Management LLC acquired a new position in Materion in the third quarter valued at $85,000. Finally, KBC Group NV grew its position in Materion by 54.5% during 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. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity 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 transaction, the chief financial officer now owns 14,632 shares in the company, valued at $1,481,343.68. This represents a 5.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by insiders.

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Materion Trading Down 0.2 %

Shares of Materion stock traded down $0.17 during trading hours on Friday, reaching $88.92. The stock had a trading volume of 75,001 shares, compared to its average volume of 94,248. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 306.62 and a beta of 1.23. Materion Co. has a 1 year low of $84.46 and a 1 year 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. The firm has a 50 day simple moving average of $97.80 and a two-hundred day simple moving average of $105.35.

Materion (NYSE:MTRN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.12. Materion had a net margin of 0.35% and a return on equity of 12.42%. The firm had revenue of $436.90 million during the quarter, compared to the consensus estimate of $433.22 million. During the same quarter in the prior year, the company earned $1.41 EPS. The company's revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that Materion Co. will post 5.5 earnings per share for the current year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be given 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 0.61%. Materion's dividend payout ratio (DPR) is 186.21%.

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.