Victory Capital Management Inc. Purchases 627 Shares of Materion Co. (NYSE:MTRN)

Victory Capital Management Inc. boosted its position in Materion Co. (NYSE:MTRN) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,874 shares of the basic materials company’s stock after buying an additional 627 shares during the quarter. Victory Capital Management Inc.’s holdings in Materion were worth $779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in Materion by 0.3% in the 3rd 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 last quarter. Dakota Wealth Management raised its stake in Materion by 1.5% in the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock valued at $1,079,000 after acquiring an additional 165 shares during the period. 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 acquiring an additional 197 shares during the period. Confluence Investment Management LLC raised its stake 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 acquiring an additional 204 shares during the period. Finally, Gilman Hill Asset Management LLC raised its stake in Materion by 0.9% in the 4th quarter. Gilman Hill Asset Management LLC now owns 33,662 shares of the basic materials company’s stock valued at $3,329,000 after acquiring an additional 290 shares during the period. 93.56% of the stock is currently owned by institutional investors.

Materion Trading Down 0.8 %

Shares of Materion stock opened at $85.26 on Friday. Materion Co. has a 52-week low of $80.21 and a 52-week high of $139.21. The stock’s 50-day simple moving average is $95.40 and its 200 day simple moving average is $103.29. The stock has a market capitalization of $1.77 billion, a P/E ratio of 293.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19.

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

Materion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, February 20th. Materion’s payout ratio is presently 186.21%.

Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction of $81,498.20. Following the completion of the transaction, the chief financial officer now owns 14,632 shares of the company’s stock, valued at $1,481,343.68. The trade was a 5.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company’s stock.

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.