Norges Bank Acquires New Shares in Materion Co. (NYSE:MTRN)

Norges Bank bought a new position in shares of Materion Co. (NYSE:MTRN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 50,943 shares of the basic materials company's stock, valued at approximately $5,037,000. Norges Bank owned approximately 0.25% of Materion at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position 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 valued at $26,000 after purchasing an additional 197 shares in the last quarter. Smartleaf Asset Management LLC boosted its position 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 valued at $43,000 after acquiring an additional 318 shares during the last quarter. KBC Group NV grew its holdings in shares of 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 purchasing an additional 311 shares in the last quarter. US Bancorp DE increased its position in Materion by 30.3% in the fourth 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 last quarter. Finally, CIBC Asset Management Inc bought a new position in Materion during the fourth quarter valued at $202,000. Institutional investors own 93.56% of the company's stock.

Insider Buying and Selling

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the business's stock in a transaction dated Friday, January 31st. The shares were 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 of the company's stock, valued at $1,481,343.68. The trade was a 5.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by corporate insiders.

Materion Trading Down 0.3 %

MTRN traded down $0.22 on Tuesday, hitting $78.88. The company had a trading volume of 5,221 shares, compared to its average volume of 103,057. The business's fifty day simple moving average is $87.65 and its 200 day simple moving average is $99.67. 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 12-month low of $69.10 and a 12-month high of $125.40. The company has a market cap of $1.64 billion, a PE ratio of 272.41 and a beta of 1.15.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings results 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. Materion had a return on equity of 12.42% and a net margin of 0.35%. The company had revenue of $436.90 million for the quarter, compared to analyst estimates of $433.22 million. During the same quarter in the prior year, the firm posted $1.41 EPS. Materion's quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that Materion Co. will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 annualized dividend and a dividend yield of 0.68%. Materion's dividend payout ratio (DPR) is presently 186.21%.

Materion Company 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.