Vanguard Group Inc. Has $249.49 Million Stake in Materion Co. (NYSE:MTRN)

Vanguard Group Inc. lifted its holdings in Materion Co. (NYSE:MTRN - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,523,141 shares of the basic materials company's stock after purchasing an additional 25,888 shares during the period. Vanguard Group Inc. owned 12.16% of Materion worth $249,488,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MTRN. GAMMA Investing LLC boosted its stake in shares of Materion by 307.8% during the 4th 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. Smartleaf Asset Management LLC lifted its holdings 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 purchasing an additional 318 shares during the last quarter. KBC Group NV boosted its position in Materion by 54.5% during the fourth quarter. KBC Group NV now owns 882 shares of the basic materials company's stock worth $87,000 after purchasing an additional 311 shares during the period. US Bancorp DE grew its holdings in Materion by 30.3% during the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock valued at $133,000 after purchasing an additional 313 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Materion in the fourth quarter valued at approximately $202,000. 93.56% of the stock is currently owned by institutional investors.

Insider Activity

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

Materion Stock Performance

Shares of Materion stock traded down $2.18 on Thursday, reaching $76.54. The stock had a trading volume of 118,292 shares, compared to its average volume of 100,143. Materion Co. has a fifty-two week low of $69.10 and a fifty-two week high of $129.60. The business's 50-day moving average price is $88.51 and its two-hundred day moving average price is $100.20. 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 stock has a market cap of $1.59 billion, a P/E ratio of 263.94 and a beta of 1.15.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.12. The company had revenue of $436.90 million during the quarter, compared to analysts' expectations of $433.22 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 earnings per share. On average, sell-side analysts forecast that Materion Co. will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.71%. Materion's dividend payout ratio (DPR) is presently 186.21%.

Materion 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.