4,000 Shares in Materion Co. (NYSE:MTRN) Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. bought a new position in Materion Co. (NYSE:MTRN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,000 shares of the basic materials company's stock, valued at approximately $396,000.

Other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp raised its position in Materion by 0.3% in the third quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company's stock worth $3,991,000 after acquiring an additional 91 shares during the period. Dakota Wealth Management boosted its position in shares of Materion by 1.5% in the fourth quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company's stock worth $1,079,000 after purchasing an additional 165 shares during the period. GAMMA Investing LLC raised its position 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 valued at $26,000 after purchasing an additional 197 shares during the period. Confluence Investment Management LLC lifted its stake in shares of Materion by 5.3% during the 4th quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company's stock valued at $399,000 after buying an additional 204 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Materion by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 4,831 shares of the basic materials company's stock worth $524,000 after buying an additional 281 shares during the period. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Materion

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

Materion Price Performance

Shares of MTRN stock traded down $0.03 during mid-day trading on Friday, hitting $102.26. The company had a trading volume of 88,793 shares, compared to its average volume of 64,817. The company has a market capitalization of $2.12 billion, a P/E ratio of 28.81 and a beta of 1.24. The stock's 50 day moving average price is $105.58 and its 200-day moving average price is $108.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. Materion Co. has a 52-week low of $93.20 and a 52-week high of $145.08.

Materion (NYSE:MTRN - Get Free Report) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm had revenue of $436.70 million for the quarter, compared to analysts' expectations of $416.40 million. During the same period in the prior year, the company earned $1.39 EPS. The business's revenue was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Materion Co. will post 5.22 earnings per share for the current year.

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.