Nuveen Asset Management LLC Has $11.29 Million Holdings in Materion Co. (NYSE:MTRN)

Nuveen Asset Management LLC trimmed its position in shares of Materion Co. (NYSE:MTRN - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,158 shares of the basic materials company's stock after selling 4,428 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.55% of Materion worth $11,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of Materion by 269.5% during the 4th 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 in the last quarter. KBC Group NV lifted its holdings in Materion by 54.5% in the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company's stock worth $87,000 after purchasing an additional 311 shares during the last quarter. US Bancorp DE boosted its position in Materion by 30.3% during the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock worth $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 worth approximately $202,000. Finally, Summit Investment Advisors Inc. grew its holdings in Materion by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company's stock valued at $213,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 93.56% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the company's stock in a transaction on 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 approximately $1,076,099.20. This 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 this hyperlink. Corporate insiders own 2.60% of the company's stock.

Materion Stock Performance

Shares of Materion stock traded down $0.66 during trading on Friday, reaching $77.52. The company's stock had a trading volume of 154,488 shares, compared to its average volume of 107,164. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 267.31 and a beta of 0.85. The business's fifty day moving average price is $78.98 and its 200-day moving average price is $92.81. 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 Co. has a one year low of $69.10 and a one year high of $123.21.

Materion (NYSE:MTRN - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. The firm had revenue of $420.33 million during 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 business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. As a group, equities research analysts predict that Materion Co. will post 5.5 earnings per share for the current year.

Materion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 29th will be issued a $0.14 dividend. This is a boost from Materion's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.56 annualized dividend and a yield of 0.72%. Materion's dividend payout ratio is 112.00%.

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.