Phocas Financial Corp. trimmed its stake in shares of Materion Co. (NYSE:MTRN - Free Report) by 85.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,461 shares of the basic materials company's stock after selling 64,926 shares during the period. Phocas Financial Corp. owned about 0.06% of Materion worth $1,133,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stifel Financial Corp grew its holdings in Materion by 0.3% during the third quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company's stock worth $3,991,000 after acquiring an additional 91 shares during the period. Dakota Wealth Management grew its holdings in Materion by 1.5% during the fourth quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company's stock worth $1,079,000 after acquiring an additional 165 shares during the period. GAMMA Investing LLC grew its holdings 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 acquiring an additional 197 shares during the period. Confluence Investment Management LLC grew its holdings in Materion by 5.3% in the fourth quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company's stock valued at $399,000 after purchasing an additional 204 shares during the period. Finally, Gilman Hill Asset Management LLC grew its holdings in Materion by 0.9% in the fourth quarter. Gilman Hill Asset Management LLC now owns 33,662 shares of the basic materials company's stock valued at $3,329,000 after purchasing an additional 290 shares during the period. 93.56% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Materion
In other news, CFO Shelly Marie Chadwick sold 805 shares of the firm'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 transaction, the chief financial officer now owns 14,632 shares in the company, valued at $1,481,343.68. This trade represents a 5.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by corporate insiders.
Materion Price Performance
MTRN traded up $1.00 during trading on Friday, hitting $91.34. The company's stock had a trading volume of 116,138 shares, compared to its average volume of 88,237. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Materion Co. has a twelve month low of $89.56 and a twelve month high of $139.21. The business's fifty day simple moving average is $99.02 and its 200 day simple moving average is $106.16. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 314.97 and a beta of 1.23.
Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 EPS 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 period last year, the company earned $1.41 earnings per share. Materion's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Materion Co. will post 5.5 EPS for the current fiscal year.
Materion Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, February 20th. Materion's payout ratio is currently 186.21%.
About Materion
(
Free Report)
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.
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