BW Gestao de Investimentos Ltda. Takes $494,000 Position in Materion Co. (NYSE:MTRN)

BW Gestao de Investimentos Ltda. bought a new stake in Materion Co. (NYSE:MTRN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,000 shares of the basic materials company's stock, valued at approximately $494,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its position in shares of Materion by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company's stock worth $213,000 after purchasing an additional 137 shares during the last quarter. Synovus Financial Corp raised its holdings in Materion by 1.8% in the fourth quarter. Synovus Financial Corp now owns 7,645 shares of the basic materials company's stock worth $756,000 after purchasing an additional 138 shares during the period. Dakota Wealth Management boosted its position 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 purchasing an additional 165 shares in the last quarter. Aurora Investment Counsel grew its holdings in shares of Materion by 2.8% in the 4th quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company's stock valued at $643,000 after buying an additional 180 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Materion by 0.5% in the 4th quarter. Stifel Financial Corp now owns 35,873 shares of the basic materials company's stock valued at $3,547,000 after buying an additional 193 shares in the last quarter. 93.56% of the stock is owned by institutional investors.

Materion Stock Down 7.5 %

MTRN stock traded down $5.87 during trading hours on Wednesday, reaching $72.41. 392,957 shares of the stock were exchanged, compared to its average volume of 101,224. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 249.69 and a beta of 0.85. The firm's 50-day moving average is $81.92 and its 200-day moving average is $96.82. Materion Co. has a 12 month low of $69.10 and a 12 month high of $123.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26.

Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.01. Materion had a net margin of 0.35% and a return on equity of 12.42%. The firm had revenue of $420.33 million for the quarter, compared to analyst estimates of $396.83 million. During the same period in the previous year, the business earned $0.96 EPS. The company's revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Materion Co. will post 5.5 earnings per share for the current year.

Materion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 29th will be given a dividend of $0.14 per share. This is a boost from Materion's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.77%. Materion's dividend payout ratio is 108.00%.

Insiders Place Their Bets

In related news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $80.45, for a total transaction of $160,900.00. Following the completion of the transaction, the vice president now owns 13,376 shares in the company, valued at approximately $1,076,099.20. This trade represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, KeyCorp reiterated a "sector weight" rating on shares of Materion in a report on Wednesday.

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.