D. E. Shaw & Co. Inc. Purchases 6,091 Shares of Materion Co. (NYSE:MTRN)

D. E. Shaw & Co. Inc. grew its holdings in Materion Co. (NYSE:MTRN - Free Report) by 28.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,751 shares of the basic materials company's stock after purchasing an additional 6,091 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.13% of Materion worth $2,744,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Barclays PLC raised its holdings in Materion by 356.9% during the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company's stock worth $3,902,000 after buying an additional 27,244 shares during the period. Gilman Hill Asset Management LLC raised its holdings in shares of Materion by 0.9% in the fourth 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 during the last quarter. Dakota Wealth Management raised its holdings in shares of Materion by 1.5% in the fourth quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company's stock valued at $1,079,000 after purchasing an additional 165 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Materion by 10.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,878 shares of the basic materials company's stock valued at $878,000 after purchasing an additional 828 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Materion in the fourth quarter valued at approximately $396,000. Institutional investors own 93.56% of the company's stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp restated a "sector weight" rating on shares of Materion in a report on Wednesday, May 7th.

Insiders Place Their Bets

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $80.45, for a total value of $160,900.00. Following the completion of the sale, the vice president now owns 13,376 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 2.60% of the company's stock.

Materion Stock Down 0.0%

MTRN traded down $0.02 during trading on Friday, reaching $76.72. 124,143 shares of the stock were exchanged, compared to its average volume of 107,211. The stock has a market cap of $1.60 billion, a P/E ratio of 264.55 and a beta of 0.85. Materion Co. has a twelve month low of $69.10 and a twelve month high of $123.21. The stock's 50 day moving average price is $79.82 and its two-hundred day moving average price is $94.25. 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 - Get Free Report) last issued 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 business had revenue of $420.33 million for the quarter, compared to the consensus estimate of $396.83 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. Equities analysts expect that Materion Co. will post 5.5 EPS for the current year.

Materion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. This is a boost from Materion's previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 29th. Materion's payout ratio is 112.00%.

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.