Thrivent Financial for Lutherans Has $1.59 Million Stock Position in Materion Co. (NYSE:MTRN)

Thrivent Financial for Lutherans decreased its position in Materion Co. (NYSE:MTRN) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,039 shares of the basic materials company’s stock after selling 253 shares during the period. Thrivent Financial for Lutherans’ holdings in Materion were worth $1,586,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Mountaineer Partners Management LLC grew its position in shares of Materion by 9,463.5% in the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock valued at $1,023,235,000 after purchasing an additional 9,051,813 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Materion by 3.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 625,767 shares of the basic materials company’s stock worth $61,876,000 after purchasing an additional 22,322 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Materion by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company’s stock worth $52,246,000 after acquiring an additional 2,953 shares during the last quarter. Copeland Capital Management LLC raised its holdings in Materion by 2.2% in the 4th quarter. Copeland Capital Management LLC now owns 412,795 shares of the basic materials company’s stock valued at $40,817,000 after acquiring an additional 8,842 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Materion by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 264,197 shares of the basic materials company’s stock valued at $26,124,000 after buying an additional 11,212 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insiders Place Their Bets

In other 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 value of $81,498.20. Following the completion of the transaction, the chief financial officer now directly owns 14,632 shares of the company’s stock, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Materion Stock Performance

NYSE MTRN opened at $83.46 on Monday. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. Materion Co. has a 12-month low of $80.21 and a 12-month high of $131.97. The company has a market capitalization of $1.73 billion, a P/E ratio of 287.79 and a beta of 1.20. The firm has a 50-day moving average price of $93.94 and a two-hundred day moving average price of $102.43.

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

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.65%. Materion’s dividend payout ratio (DPR) is presently 186.21%.

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.