Segall Bryant & Hamill LLC Increases Stock Position in Materion Co. (NYSE:MTRN)

Segall Bryant & Hamill LLC boosted its position in Materion Co. (NYSE:MTRN - Free Report) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,310 shares of the basic materials company's stock after purchasing an additional 20,224 shares during the quarter. Segall Bryant & Hamill LLC owned about 1.16% of Materion worth $23,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MTRN. GAMMA Investing LLC increased its holdings in shares of Materion by 307.8% in the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock worth $26,000 after purchasing an additional 197 shares during the period. Smartleaf Asset Management LLC increased its stake in Materion by 269.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company's stock worth $43,000 after acquiring an additional 318 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Materion by 118.7% in the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company's stock valued at $63,000 after acquiring an additional 305 shares in the last quarter. KBC Group NV boosted its position in shares of Materion by 54.5% during the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company's stock valued at $87,000 after acquiring an additional 311 shares during the last quarter. Finally, US Bancorp DE grew 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 purchasing an additional 313 shares in the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Price Performance

MTRN traded down $3.06 on Friday, reaching $83.46. The company had a trading volume of 60,137 shares, compared to its average volume of 98,849. Materion Co. has a 52-week low of $80.21 and a 52-week high of $131.97. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 287.79 and a beta of 1.20. 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 business has a 50 day simple moving average of $93.94 and a 200 day simple moving average of $102.43.

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 for the quarter, beating the consensus estimate 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 analysts' expectations of $433.22 million. During the same quarter last year, the company posted $1.41 EPS. The business's quarterly revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Materion Co. will post 5.5 EPS for the current 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 issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, February 20th. Materion's payout ratio is currently 186.21%.

Insider Activity at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $101.24, for a total transaction of $81,498.20. Following the transaction, the chief financial officer now owns 14,632 shares of the company's stock, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

About Materion

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.