Materion Co. (NYSE:MTRN) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its position in shares of Materion Co. (NYSE:MTRN - Free Report) by 10.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,646 shares of the basic materials company's stock after buying an additional 5,179 shares during the quarter. Mutual of America Capital Management LLC owned about 0.25% of Materion worth $5,206,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC lifted its holdings in shares of Materion by 9,463.5% in the 3rd 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 buying an additional 9,051,813 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Materion by 12.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company's stock valued at $67,501,000 after purchasing an additional 64,470 shares in the last quarter. Intech Investment Management LLC increased its stake in Materion by 435.3% in the 3rd quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company's stock valued at $4,007,000 after purchasing an additional 29,131 shares in the last quarter. Barclays PLC increased its stake in Materion by 356.9% in the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company's stock valued at $3,902,000 after purchasing an additional 27,244 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in Materion by 18.5% in the 3rd quarter. Natixis Advisors LLC now owns 120,813 shares of the basic materials company's stock valued at $13,514,000 after purchasing an additional 18,836 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

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Materion Price Performance

NYSE MTRN traded down $0.17 during mid-day trading on Friday, hitting $88.92. The stock had a trading volume of 75,001 shares, compared to its average volume of 94,391. Materion Co. has a 52-week low of $84.46 and a 52-week high of $139.21. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 306.62 and a beta of 1.20. The company has a 50 day simple moving average of $97.80 and a 200 day simple moving average of $105.35. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.12. The firm had revenue of $436.90 million during the quarter, compared to the consensus estimate of $433.22 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. Materion's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. Equities analysts forecast that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.61%. The ex-dividend date was Thursday, February 20th. Materion's payout ratio is 186.21%.

Insiders Place Their Bets

In other news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction 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 owns 14,632 shares of the company's stock, valued at $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

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.