Rhumbline Advisers Boosts Stock Position in Materion Co. (NYSE:MTRN)

Rhumbline Advisers grew its position in Materion Co. (NYSE:MTRN - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,599 shares of the basic materials company's stock after purchasing an additional 2,761 shares during the period. Rhumbline Advisers owned about 0.32% of Materion worth $6,486,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC lifted 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 worth $26,000 after acquiring an additional 197 shares in the last quarter. Quest Partners LLC raised its position in Materion by 118.7% during the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company's stock valued at $63,000 after purchasing an additional 305 shares during the last quarter. ARK Investment Management LLC bought a new stake in Materion during the 3rd quarter valued at approximately $85,000. KBC Group NV increased its stake in shares of Materion by 54.5% in the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company's stock worth $87,000 after acquiring an additional 311 shares in the last quarter. Finally, Centiva Capital LP bought a new position in Materion during the 3rd quarter valued at approximately $259,000. 93.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Materion 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 transaction 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by corporate insiders.

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Materion Stock Up 1.1 %

MTRN stock traded up $1.00 during midday 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 12 month low of $89.56 and a 12 month high of $139.21. The company has a market cap of $1.90 billion, a PE ratio of 314.97 and a beta of 1.23. The firm's 50-day moving average is $98.86 and its 200-day moving average is $105.98.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) 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 company had revenue of $436.90 million for the quarter, compared to the consensus estimate of $433.22 million. During the same quarter last year, the firm posted $1.41 earnings per share. The firm's 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 earnings per share for the current fiscal year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.135 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.54 annualized dividend and a yield of 0.59%. Materion's payout ratio is currently 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.