Scout Investments Inc. Sells 4,408 Shares of Materion Co. (NYSE:MTRN)

Scout Investments Inc. lessened its holdings in shares of Materion Co. (NYSE:MTRN) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,932 shares of the basic materials company’s stock after selling 4,408 shares during the quarter. Scout Investments Inc. owned approximately 0.34% of Materion worth $8,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised its position in Materion by 529.0% during the fourth quarter. CENTRAL TRUST Co now owns 195 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 164 shares in the last quarter. Quest Partners LLC bought a new position in shares of Materion in the fourth quarter valued at approximately $44,000. SRS Capital Advisors Inc. raised its position in shares of Materion by 285.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 428 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 317 shares during the period. SG Americas Securities LLC bought a new position in shares of Materion in the first quarter valued at approximately $150,000. Finally, AdvisorNet Financial Inc raised its position in shares of Materion by 189.6% in the fourth quarter. AdvisorNet Financial Inc now owns 1,222 shares of the basic materials company’s stock valued at $159,000 after purchasing an additional 800 shares during the period. Institutional investors own 93.56% of the company’s stock.

Insiders Place Their Bets

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction on Monday, May 13th. The shares were sold at an average price of $113.31, for a total transaction of $226,620.00. Following the sale, the vice president now owns 18,031 shares in the company, valued at $2,043,092.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Emily M. Liggett sold 1,152 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $111.86, for a total value of $128,862.72. Following the sale, the director now owns 2,621 shares in the company, valued at approximately $293,185.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $113.31, for a total transaction of $226,620.00. Following the completion of the sale, the vice president now owns 18,031 shares in the company, valued at approximately $2,043,092.61. 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 $1.56 during midday trading on Friday, hitting $115.11. The company had a trading volume of 50,174 shares, compared to its average volume of 101,331. The business’s 50 day simple moving average is $110.72 and its two-hundred day simple moving average is $119.80. The stock has a market cap of $2.39 billion, a PE ratio of 28.62 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.91 and a quick ratio of 1.07. Materion Co. has a 1-year low of $92.23 and a 1-year high of $145.08.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). The company had revenue of $385.29 million during the quarter, compared to analyst estimates of $386.84 million. Materion had a return on equity of 12.32% and a net margin of 5.19%. The company’s revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. As a group, equities analysts predict that Materion Co. will post 5.75 EPS for the current fiscal year.

Materion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd were paid a $0.135 dividend. This is an increase from Materion’s previous quarterly dividend of $0.13. The ex-dividend date was Wednesday, May 22nd. This represents a $0.54 annualized dividend and a dividend yield of 0.47%. Materion’s dividend payout ratio (DPR) is presently 13.53%.

Analysts Set New Price Targets

Separately, KeyCorp dropped their price target on shares of Materion from $156.00 to $152.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th.

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.