US Bancorp DE Raises Stock Position in Materion Co. (NYSE:MTRN)

US Bancorp DE raised its holdings in shares of Materion Co. (NYSE:MTRN) by 30.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,347 shares of the basic materials company’s stock after purchasing an additional 313 shares during the quarter. US Bancorp DE’s holdings in Materion were worth $133,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Stifel Financial Corp grew its holdings in shares of Materion by 0.3% during the third 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 grew its holdings 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 buying an additional 165 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 197 shares in the last quarter. Confluence Investment Management LLC grew its holdings in shares of Materion by 5.3% during the fourth quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock worth $399,000 after buying an additional 204 shares in the last quarter. Finally, Gilman Hill Asset Management LLC grew its holdings in shares of Materion by 0.9% during the fourth quarter. Gilman Hill Asset Management LLC now owns 33,662 shares of the basic materials company’s stock worth $3,329,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Activity at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were 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 owns 14,632 shares of the company’s stock, valued at approximately $1,481,343.68. This represents a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.

Materion Price Performance

Materion stock opened at $85.69 on Monday. Materion Co. has a 52-week low of $80.21 and a 52-week high of $139.21. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 295.50 and a beta of 1.20. The company has a fifty day simple moving average of $96.22 and a 200-day simple moving average of $103.93. 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 (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 net margin of 0.35% and a return on equity of 12.42%. The firm had revenue of $436.90 million during the quarter, compared to analyst estimates of $433.22 million. During the same quarter in the prior year, the firm posted $1.41 earnings per share. Materion’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Thursday, February 20th. Materion’s dividend payout ratio is currently 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.