Materion Co. (NYSE:MTRN) Shares Sold by LGT Group Foundation

LGT Group Foundation decreased its holdings in shares of Materion Co. (NYSE:MTRN) by 82.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,400 shares of the basic materials company’s stock after selling 20,800 shares during the period. LGT Group Foundation’s holdings in Materion were worth $435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTRN. GAMMA Investing LLC increased its position in 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 purchasing an additional 197 shares during the period. Smartleaf Asset Management LLC increased its position in Materion by 269.5% during 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 period. Quest Partners LLC increased its position in Materion by 118.7% during the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 305 shares during the period. ARK Investment Management LLC acquired a new position in Materion during the 3rd quarter worth approximately $85,000. Finally, KBC Group NV increased its position in Materion by 54.5% during the 4th 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. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insider Buying and Selling

In related news, CFO Shelly Marie Chadwick sold 805 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Materion Stock Performance

MTRN opened at $87.39 on Tuesday. The stock has a market cap of $1.81 billion, a P/E ratio of 301.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $98.86 and its 200 day simple moving average is $105.95. Materion Co. has a 1-year low of $87.22 and a 1-year high of $139.21.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.12. The business had revenue of $436.90 million for the quarter, compared to analysts’ expectations of $433.22 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS. As a group, equities analysts anticipate that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Thursday, February 20th. Materion’s dividend payout ratio is currently 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.