Materion Co. (NYSE:MTRN) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Materion Co. (NYSE:MTRN - Free Report) by 66,993.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,114 shares of the basic materials company's stock after acquiring an additional 174,853 shares during the quarter. GAMMA Investing LLC owned 0.84% of Materion worth $14,289,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTRN. KLP Kapitalforvaltning AS purchased a new stake in shares of Materion in the 4th quarter worth approximately $415,000. Raymond James Financial Inc. bought a new stake in shares of Materion in the 4th quarter valued at about $10,399,000. Choreo LLC purchased a new position in shares of Materion in the 4th quarter worth approximately $315,000. Barclays PLC grew its position in shares of Materion by 356.9% in 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 last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of 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 acquiring an additional 22,322 shares in the last quarter. Institutional investors own 93.56% of the company's stock.

Materion Stock Performance

Materion stock traded up $1.30 during mid-day trading on Tuesday, reaching $82.34. 85,389 shares of the company traded hands, compared to its average volume of 108,260. The firm's fifty day moving average is $78.54 and its two-hundred day moving average is $91.29. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 283.94 and a beta of 0.81. Materion Co. has a fifty-two week low of $69.10 and a fifty-two week high of $123.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26.

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 for the quarter, topping 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 company had revenue of $420.33 million for the quarter, compared to the consensus estimate of $396.83 million. During the same quarter in the prior year, the company earned $0.96 EPS. Materion's quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 29th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, May 29th. This is a boost from Materion's previous quarterly dividend of $0.14. Materion's dividend payout ratio (DPR) is 112.00%.

Insider Activity at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction that occurred on 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 transaction, the vice president now directly owns 13,376 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

About Materion

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.