Deutsche Bank AG Raises Stock Position in Materion Co. (NYSE:MTRN)

Deutsche Bank AG increased its position in shares of Materion Co. (NYSE:MTRN - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,244 shares of the basic materials company's stock after acquiring an additional 5,784 shares during the period. Deutsche Bank AG owned about 0.09% of Materion worth $1,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MTRN. Vanguard Group Inc. increased its stake in Materion by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,141 shares of the basic materials company's stock worth $249,488,000 after purchasing an additional 25,888 shares during the period. Capital Research Global Investors increased its stake in Materion by 16.3% during the 4th quarter. Capital Research Global Investors now owns 1,838,484 shares of the basic materials company's stock worth $181,789,000 after buying an additional 257,637 shares during the period. Trigran Investments Inc. increased its stake in Materion by 3.2% during the 4th quarter. Trigran Investments Inc. now owns 737,830 shares of the basic materials company's stock worth $72,957,000 after buying an additional 23,208 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in Materion by 3.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 625,767 shares of the basic materials company's stock worth $61,876,000 after buying an additional 22,322 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Materion by 6.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company's stock valued at $46,830,000 after buying an additional 30,262 shares during the period. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Materion

In other Materion 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 sale, the vice president now directly owns 13,376 shares of the company's stock, valued at $1,076,099.20. The trade was a 13.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by corporate insiders.

Materion Stock Up 3.5%

MTRN stock traded up $2.68 during mid-day trading on Tuesday, reaching $79.37. The company had a trading volume of 116,812 shares, compared to its average volume of 107,352. The firm has a fifty day simple moving average of $79.64 and a 200 day simple moving average of $93.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 273.69 and a beta of 0.85. Materion Co. has a fifty-two week low of $69.10 and a fifty-two week high of $123.21.

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, 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 analysts' expectations of $396.83 million. During the same quarter last year, the company earned $0.96 earnings per share. The firm's revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 29th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Materion's previous quarterly dividend of $0.14. Materion's payout ratio is presently 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.