Materion Co. (NYSE:MTRN) Shares Sold by State Street Corp

State Street Corp lessened its stake in shares of Materion Co. (NYSE:MTRN - Free Report) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 966,703 shares of the basic materials company's stock after selling 6,842 shares during the quarter. State Street Corp owned about 4.66% of Materion worth $108,135,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MTRN. Quest Partners LLC grew its stake in Materion by 25,600.0% during the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company's stock worth $28,000 after buying an additional 256 shares during the last quarter. ARK Investment Management LLC purchased a new stake in shares of Materion in the third quarter valued at about $85,000. Algert Global LLC acquired a new position in Materion in the 2nd quarter valued at about $225,000. Deerfield Management Company L.P. Series C purchased a new position in shares of Materion in the 2nd quarter valued at approximately $247,000. Finally, Centiva Capital LP acquired a new position in shares of Materion in the third quarter valued at approximately $259,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the sale, the vice president now owns 12,031 shares in the company, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,000 shares of Materion stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the sale, the chief financial officer now owns 13,200 shares of the company's stock, valued at approximately $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Materion Stock Performance

Shares of Materion stock traded down $2.46 on Monday, reaching $108.14. 89,118 shares of the stock were exchanged, compared to its average volume of 96,780. Materion Co. has a 1-year low of $96.18 and a 1-year high of $145.08. The business has a fifty day moving average price of $110.91 and a two-hundred day moving average price of $110.48. The firm has a market capitalization of $2.24 billion, a PE ratio of 30.46 and a beta of 1.21. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, hitting analysts' consensus estimates of $1.41. The firm had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. Materion's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 earnings per share. As a group, research analysts anticipate that Materion Co. will post 5.24 earnings per share for the current fiscal year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.50%. Materion's payout ratio is 15.21%.

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.