Copeland Capital Management LLC Has $32.76 Million Stake in Materion Corporation (NYSE:MTRN)

Copeland Capital Management LLC cut its stake in shares of Materion Corporation (NYSE:MTRN - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 401,457 shares of the basic materials company's stock after selling 11,338 shares during the period. Copeland Capital Management LLC owned 1.93% of Materion worth $32,759,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTRN. Smartleaf Asset Management LLC increased its holdings in shares of Materion by 269.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company's stock worth $43,000 after purchasing an additional 318 shares during the period. US Bancorp DE increased its holdings in shares of Materion by 30.3% during the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock worth $133,000 after purchasing an additional 313 shares during the period. GAMMA Investing LLC increased its holdings in shares of Materion by 722.2% during the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock worth $175,000 after purchasing an additional 1,885 shares during the period. Summit Investment Advisors Inc. increased its holdings in shares of Materion by 6.8% during the fourth 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 period. Finally, EntryPoint Capital LLC bought a new position in shares of Materion during the fourth quarter worth approximately $223,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTRN has been the topic of several recent research reports. KeyCorp reaffirmed a "sector weight" rating on shares of Materion in a report on Wednesday, May 7th. Wall Street Zen raised shares of Materion from a "hold" rating to a "buy" rating in a research note on Friday.

Materion Price Performance

Shares of NYSE MTRN traded down $0.06 during midday trading on Friday, reaching $80.63. 604,011 shares of the company were exchanged, compared to its average volume of 111,939. The stock's 50-day moving average price is $79.14 and its 200-day moving average price is $88.06. The stock has a market cap of $1.68 billion, a P/E ratio of 161.26 and a beta of 0.81. Materion Corporation has a one year low of $69.10 and a one year high of $123.21. The company has a quick ratio of 1.20, a current ratio of 2.84 and a debt-to-equity ratio of 0.46.

Materion (NYSE:MTRN - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.01. The firm had revenue of $420.33 million for the quarter, compared to analysts' expectations of $396.83 million. Materion had a net margin of 0.59% and a return on equity of 12.83%. The company's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. On average, sell-side analysts anticipate that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, May 29th. This is a boost from Materion's previous quarterly dividend of $0.14. Materion's payout ratio is presently 112.00%.

Insiders Place Their Bets

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

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.