Materion Co. (NYSE:MTRN) Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its holdings in shares of Materion Co. (NYSE:MTRN - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 312,363 shares of the basic materials company's stock after selling 9,278 shares during the quarter. Royal Bank of Canada owned approximately 1.51% of Materion worth $30,886,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in MTRN. KLP Kapitalforvaltning AS purchased a new stake in Materion in the fourth quarter valued at approximately $415,000. Raymond James Financial Inc. acquired a new position in shares of Materion in the 4th quarter valued at $10,399,000. Choreo LLC acquired a new position in shares of Materion in the 4th quarter valued at $315,000. Barclays PLC raised its position in Materion by 356.9% in the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company's stock valued at $3,902,000 after purchasing an additional 27,244 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake 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 purchasing an additional 22,322 shares during the period. Hedge funds and other institutional investors own 93.56% of the company's stock.

Insider Buying and Selling at Materion

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 transaction of $160,900.00. Following the transaction, the vice president now owns 13,376 shares of the company's stock, valued at $1,076,099.20. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

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

Materion Stock Performance

Materion stock traded up $2.68 during mid-day trading on Tuesday, reaching $79.37. 116,812 shares of the company were exchanged, compared to its average volume of 107,352. The firm's 50-day simple moving average is $79.64 and its two-hundred day simple moving average is $93.95. Materion Co. has a twelve month low of $69.10 and a twelve month high of $123.21. The firm has a market cap of $1.65 billion, a PE ratio of 273.69 and a beta of 0.85. 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 (NYSE:MTRN - Get Free Report) last announced 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 return on equity of 12.42% and a net margin of 0.35%. The company had revenue of $420.33 million for the quarter, compared to the consensus estimate of $396.83 million. During the same period last year, the business posted $0.96 EPS. The company's revenue was up 9.1% on a year-over-year basis. Equities analysts predict that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 29th will be paid a $0.14 dividend. This is an increase from Materion's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 29th. Materion's dividend payout ratio (DPR) is 112.00%.

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.