Materion Co. (NYSE:MTRN) Position Increased by Trigran Investments Inc.

Trigran Investments Inc. lifted its holdings in shares of Materion Co. (NYSE:MTRN - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 737,830 shares of the basic materials company's stock after acquiring an additional 23,208 shares during the quarter. Materion accounts for about 8.4% of Trigran Investments Inc.'s holdings, making the stock its 5th largest position. Trigran Investments Inc. owned about 3.56% of Materion worth $72,957,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of Materion by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company's stock worth $6,867,000 after purchasing an additional 16,904 shares during the last quarter. GAMMA Investing LLC increased its position in 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 buying an additional 197 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Materion in the fourth quarter valued at $415,000. Raymond James Financial Inc. purchased a new position in shares of Materion during the 4th quarter valued at $10,399,000. Finally, Choreo LLC bought a new position in shares of Materion during the 4th quarter worth $315,000. 93.56% of the stock is currently owned by institutional investors.

Materion Stock Performance

Materion stock traded up $3.00 during midday trading on Thursday, reaching $83.43. The stock had a trading volume of 83,400 shares, compared to its average volume of 100,713. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.73 billion, a PE ratio of 287.69 and a beta of 1.15. Materion Co. has a 12 month low of $69.10 and a 12 month high of $123.21. The firm's 50-day moving average price is $84.80 and its 200 day moving average price is $98.50.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.12. The company had revenue of $436.90 million for the quarter, compared to analyst estimates of $433.22 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 earnings per share. As a group, research analysts predict that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were paid a $0.135 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 annualized dividend and a yield of 0.65%. Materion's dividend payout ratio is currently 186.21%.

Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the sale, the chief financial officer now directly owns 14,632 shares in the company, valued at $1,481,343.68. This represents a 5.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.60% of the company's stock.

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.