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

Deutsche Bank AG increased its stake in shares of Materion Co. (NYSE:MTRN - Free Report) by 46.4% during the 4th quarter, according to its most recent filing with the SEC. 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 approximately 0.09% of Materion worth $1,804,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Capital Research Global Investors raised its stake in Materion by 16.3% during the fourth quarter. Capital Research Global Investors now owns 1,838,484 shares of the basic materials company's stock worth $181,789,000 after acquiring an additional 257,637 shares during the period. Raymond James Financial Inc. purchased a new position in Materion in the fourth quarter valued at about $10,399,000. Norges Bank bought a new stake in Materion during the fourth quarter worth approximately $5,037,000. JPMorgan Chase & Co. boosted its position in shares of Materion by 69.1% in the fourth quarter. JPMorgan Chase & Co. now owns 103,799 shares of the basic materials company's stock valued at $10,264,000 after acquiring an additional 42,414 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in Materion by 6.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company's stock worth $46,830,000 after purchasing an additional 30,262 shares during the period. Institutional investors and hedge funds own 93.56% of the company's stock.

Insiders Place Their Bets

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the vice president now owns 13,376 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

Materion Stock Performance

NYSE MTRN traded down $1.52 during trading on Wednesday, reaching $77.81. The company's stock had a trading volume of 48,307 shares, compared to its average volume of 107,140. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Materion Co. has a 12 month low of $69.10 and a 12 month high of $123.21. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 269.69 and a beta of 0.85. The firm has a 50 day moving average price of $79.52 and a 200 day moving average price of $93.85.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly 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. The business had revenue of $420.33 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. As a group, equities analysts anticipate that Materion Co. will post 5.5 EPS 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 given a $0.14 dividend. This is an increase from Materion's previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. Materion's payout ratio is presently 112.00%.

Analyst Ratings Changes

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