Allspring Global Investments Holdings LLC Buys 12,470 Shares of Materion Co. (NYSE:MTRN)

Allspring Global Investments Holdings LLC grew its stake in shares of Materion Co. (NYSE:MTRN) by 67.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 31,026 shares of the basic materials company’s stock after acquiring an additional 12,470 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.15% of Materion worth $4,037,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MTRN. CENTRAL TRUST Co raised its position in shares of Materion by 529.0% in the 4th quarter. CENTRAL TRUST Co now owns 195 shares of the basic materials company’s stock valued at $25,000 after buying an additional 164 shares in the last quarter. Point72 Middle East FZE bought a new position in shares of Materion in the 2nd quarter valued at $42,000. Tower Research Capital LLC TRC raised its holdings in shares of Materion by 948.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 587 shares of the basic materials company’s stock worth $68,000 after buying an additional 531 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in Materion in the first quarter valued at about $116,000. Finally, Anchor Investment Management LLC bought a new position in Materion in the fourth quarter valued at about $137,000. 93.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Materion

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total transaction of $401,220.00. Following the sale, the vice president now owns 14,510 shares of the company’s stock, valued at $1,940,567.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Shelly Marie Chadwick sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total value of $265,200.00. Following the completion of the sale, the chief financial officer now directly owns 13,147 shares of the company’s stock, valued at approximately $1,743,292.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gregory R. Chemnitz sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total value of $401,220.00. Following the completion of the sale, the vice president now directly owns 14,510 shares of the company’s stock, valued at approximately $1,940,567.40. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Materion Stock Down 0.2 %

Shares of NYSE:MTRN opened at $119.48 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 2.78. Materion Co. has a 52-week low of $92.23 and a 52-week high of $145.08. The company has a market capitalization of $2.48 billion, a PE ratio of 26.09 and a beta of 1.14. The company has a fifty day moving average of $129.80 and a 200-day moving average of $119.20.

Materion (NYSE:MTRN) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.03. Materion had a net margin of 5.75% and a return on equity of 13.49%. The firm had revenue of $421.00 million during the quarter, compared to the consensus estimate of $420.50 million. During the same quarter last year, the firm earned $1.49 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts predict that Materion Co. will post 6.03 EPS for the current fiscal year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 22nd were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.44%. Materion’s dividend payout ratio (DPR) is currently 11.35%.

Wall Street Analyst Weigh In

Separately, KeyCorp reduced their price target on shares of Materion from $157.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, April 1st.

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.