Yousif Capital Management LLC Decreases Holdings in Materion Co. (NYSE:MTRN)

Yousif Capital Management LLC lowered its stake in shares of Materion Co. (NYSE:MTRN) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,873 shares of the basic materials company’s stock after selling 193 shares during the period. Yousif Capital Management LLC’s holdings in Materion were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp increased its stake in Materion by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock worth $3,991,000 after buying an additional 91 shares in the last quarter. Dakota Wealth Management increased its position in shares of Materion by 1.5% during 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 in the last quarter. GAMMA Investing LLC raised its stake in Materion by 307.8% in 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 last quarter. Confluence Investment Management LLC lifted its holdings in Materion by 5.3% in the 4th quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 204 shares in the last quarter. Finally, Gilman Hill Asset Management LLC boosted its stake in Materion by 0.9% during the 4th quarter. Gilman Hill Asset Management LLC now owns 33,662 shares of the basic materials company’s stock worth $3,329,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insider Transactions at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 14,632 shares of the company’s stock, valued at $1,481,343.68. This trade represents a 5.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Materion Price Performance

Shares of NYSE MTRN opened at $96.83 on Friday. The firm has a 50-day simple moving average of $101.31 and a 200-day simple moving average of $107.10. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 27.28 and a beta of 1.23. Materion Co. has a 52 week low of $93.20 and a 52 week high of $145.08.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, February 20th. Materion’s dividend payout ratio (DPR) is 15.21%.

About Materion

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.