Materion Co. (NYSE:MTRN) Position Lifted by Deutsche Bank AG

Deutsche Bank AG boosted its stake in Materion Co. (NYSE:MTRN - Free Report) by 46.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,244 shares of the basic materials company's stock after purchasing an additional 5,784 shares during the period. Deutsche Bank AG owned approximately 0.09% of Materion worth $1,804,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MTRN. Smartleaf Asset Management LLC raised its position in Materion by 269.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company's stock worth $43,000 after acquiring an additional 318 shares during the period. KBC Group NV lifted its position in Materion by 54.5% during the fourth quarter. KBC Group NV now owns 882 shares of the basic materials company's stock valued at $87,000 after purchasing an additional 311 shares in the last quarter. US Bancorp DE grew its holdings in Materion by 30.3% during the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock valued at $133,000 after purchasing an additional 313 shares during the period. CIBC Asset Management Inc bought a new stake in Materion during the fourth quarter valued at about $202,000. Finally, Summit Investment Advisors Inc. increased its position in Materion by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company's stock worth $213,000 after buying an additional 137 shares in the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Price Performance

Shares of NYSE MTRN traded up $0.65 during midday trading on Thursday, reaching $78.07. The stock had a trading volume of 124,021 shares, compared to its average volume of 107,170. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 269.20 and a beta of 0.85. Materion Co. has a 12-month low of $69.10 and a 12-month high of $123.21. The stock has a 50-day moving average of $79.16 and a 200-day moving average of $93.45. 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 quarterly earnings results on Thursday, May 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.01. Materion had a return on equity of 12.42% and a net margin of 0.35%. The business had revenue of $420.33 million during the quarter, compared to analyst estimates of $396.83 million. During the same quarter in the prior year, the business posted $0.96 EPS. Materion's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, research analysts anticipate that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 29th will be paid a $0.14 dividend. The ex-dividend date is Thursday, May 29th. This is a positive change from Materion's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. Materion's dividend payout ratio is 112.00%.

Insider Transactions at Materion

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

Analyst Upgrades and Downgrades

Separately, KeyCorp reiterated a "sector weight" rating on shares of Materion in a research note on Wednesday, May 7th.

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.