Materion Co. (NYSE:MTRN) Stock Holdings Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in Materion Co. (NYSE:MTRN) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,025 shares of the basic materials company’s stock after purchasing an additional 2,888 shares during the period. Wells Fargo & Company MN’s holdings in Materion were worth $4,551,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Materion by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,141 shares of the basic materials company’s stock valued at $249,488,000 after buying an additional 25,888 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in 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 acquiring an additional 22,322 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Materion by 6.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company’s stock valued at $46,830,000 after acquiring an additional 30,262 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $52,246,000 after buying an additional 2,953 shares during the period. Finally, Copeland Capital Management LLC increased its position 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 worth $40,817,000 after purchasing an additional 8,842 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insider Buying and Selling at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the sale, the chief financial officer now directly owns 14,632 shares in the company, 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 SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.

Materion Stock Performance

MTRN opened at $78.71 on Monday. The stock has a 50-day moving average of $85.88 and a 200-day moving average of $98.94. Materion Co. has a 52-week low of $69.10 and a 52-week high of $123.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. The company has a market cap of $1.63 billion, a PE ratio of 271.42 and a beta of 1.15.

Materion (NYSE:MTRN) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $433.22 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.41 earnings per share. As a group, equities research analysts forecast that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were given 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 0.69%. Materion’s payout ratio is 186.21%.

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.