Royal Bank of Canada Has $30.89 Million Stock Holdings in Materion Co. (NYSE:MTRN)

Royal Bank of Canada decreased its position in shares of Materion Co. (NYSE:MTRN - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,363 shares of the basic materials company's stock after selling 9,278 shares during the period. Royal Bank of Canada owned approximately 1.51% of Materion worth $30,886,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 318 shares during the period. KBC Group NV increased its position in shares of Materion by 54.5% in the fourth 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 period. US Bancorp DE increased its position in shares of Materion by 30.3% in 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 position in shares of Materion in the fourth quarter worth $202,000. Finally, Summit Investment Advisors Inc. increased its position in shares of 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 purchasing an additional 137 shares during the period. Institutional investors own 93.56% of the company's stock.

Analyst Upgrades and Downgrades

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

Materion Price Performance

Shares of NYSE MTRN traded down $1.71 during mid-day trading on Wednesday, reaching $77.61. The company had a trading volume of 59,202 shares, compared to its average volume of 120,931. 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. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 267.81 and a beta of 0.85. The business's 50-day simple moving average is $79.52 and its 200 day simple moving average is $93.85.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $396.83 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. Materion's revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. On average, research analysts predict that Materion Co. will post 5.5 earnings per share 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 of this dividend is Thursday, May 29th. This is a positive change from Materion's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.72%. 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 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 sale, the vice president now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is currently owned by insiders.

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.