Principal Financial Group Inc. lifted its position in Materion Co. (NYSE:MTRN - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,203 shares of the basic materials company's stock after acquiring an additional 2,957 shares during the quarter. Principal Financial Group Inc. owned 0.49% of Materion worth $10,007,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its position in Materion by 4.4% during the 4th quarter. Rhumbline Advisers now owns 65,599 shares of the basic materials company's stock valued at $6,486,000 after acquiring an additional 2,761 shares in the last quarter. Consolidated Planning Corp lifted its stake in shares of Materion by 65.4% during the 4th quarter. Consolidated Planning Corp now owns 4,451 shares of the basic materials company's stock worth $440,000 after purchasing an additional 1,760 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Materion by 3.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 625,767 shares of the basic materials company's stock valued at $61,876,000 after purchasing an additional 22,322 shares in the last quarter. Choreo LLC bought a new stake in shares of Materion in the 4th quarter valued at about $315,000. Finally, Copeland Capital Management LLC grew its stake in Materion by 2.2% during the 4th quarter. Copeland Capital Management LLC now owns 412,795 shares of the basic materials company's stock worth $40,817,000 after buying an additional 8,842 shares during the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CFO Shelly Marie Chadwick sold 805 shares of the business'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 sale, the chief financial officer now directly owns 14,632 shares in the company, valued at $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company's stock.
Materion Stock Performance
NYSE MTRN traded down $0.57 during trading hours on Tuesday, reaching $86.79. The stock had a trading volume of 43,690 shares, compared to its average volume of 93,984. Materion Co. has a 52-week low of $84.62 and a 52-week high of $139.21. The stock has a fifty day moving average of $98.60 and a 200 day moving average of $105.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. The stock has a market cap of $1.80 billion, a P/E ratio of 300.22 and a beta of 1.23.
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, 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 for the quarter, compared to analyst estimates of $433.22 million. During the same quarter in the prior year, the business earned $1.41 earnings per share. The business's quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts predict that Materion Co. will post 5.5 earnings per share for the current year.
Materion Announces Dividend
The business 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. This represents a $0.54 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, February 20th. Materion's dividend 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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