Rhumbline Advisers Purchases 2,761 Shares of Materion Co. (NYSE:MTRN)

Rhumbline Advisers raised its holdings in shares of Materion Co. (NYSE:MTRN) by 4.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 65,599 shares of the basic materials company’s stock after acquiring an additional 2,761 shares during the period. Rhumbline Advisers’ holdings in Materion were worth $6,486,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Stifel Financial Corp increased its position in shares of Materion by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock valued at $3,991,000 after purchasing an additional 91 shares during the last quarter. Dakota Wealth Management grew its position in Materion by 1.5% during the fourth 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 last quarter. GAMMA Investing LLC raised its stake in shares of Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 197 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Materion by 5.3% in the 4th quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock worth $399,000 after acquiring an additional 204 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its stake in shares of 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 purchasing an additional 290 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors.

Insider Activity

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

Materion Price Performance

MTRN stock opened at $93.00 on Thursday. The firm has a market cap of $1.93 billion, a P/E ratio of 320.69 and a beta of 1.23. The firm’s fifty day moving average is $99.21 and its 200 day moving average is $106.27. Materion Co. has a 52 week low of $91.72 and a 52 week high of $139.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19.

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 firm had revenue of $436.90 million for the quarter, compared to analysts’ expectations of $433.22 million. During the same period last year, the firm earned $1.41 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts predict that Materion Co. will post 5.5 earnings per share for the current year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a yield of 0.58%. Materion’s dividend payout ratio is currently 186.21%.

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.