Natixis Advisors LLC Sells 4,078 Shares of Materion Co. (NYSE:MTRN)

Natixis Advisors LLC cut its holdings in shares of Materion Co. (NYSE:MTRN - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,735 shares of the basic materials company's stock after selling 4,078 shares during the quarter. Natixis Advisors LLC owned about 0.56% of Materion worth $11,543,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted 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 buying an additional 197 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Materion by 269.5% during the fourth 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 lifted its holdings in shares of Materion by 118.7% during the third 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 last quarter. KBC Group NV lifted its holdings in shares of Materion by 54.5% during the fourth 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 last quarter. Finally, US Bancorp DE lifted its holdings in shares of Materion by 30.3% during the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock worth $133,000 after buying an additional 313 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the company's 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 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by company insiders.

Materion Stock Performance

Shares of MTRN stock traded up $0.27 during trading hours on Friday, reaching $85.59. 369,679 shares of the company's stock were exchanged, compared to its average volume of 95,422. The stock has a market capitalization of $1.78 billion, a P/E ratio of 295.12 and a beta of 1.20. 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 Co. has a fifty-two week low of $80.21 and a fifty-two week high of $139.21. The business has a fifty day moving average price of $95.23 and a 200-day moving average price of $103.06.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.12. The business had revenue of $436.90 million for the quarter, compared to analysts' expectations 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 in the previous year, the business posted $1.41 earnings per share. Analysts predict that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, February 20th. Materion's dividend payout ratio is presently 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.