SG Americas Securities LLC Purchases Shares of 8,750 Materion Corporation (NYSE:MTRN)

SG Americas Securities LLC purchased a new stake in Materion Corporation (NYSE:MTRN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,750 shares of the basic materials company's stock, valued at approximately $714,000.

Several other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings 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 valued at $43,000 after acquiring an additional 318 shares in the last quarter. US Bancorp DE boosted its holdings 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 valued at $133,000 after acquiring an additional 313 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Materion in the fourth quarter valued at approximately $202,000. GAMMA Investing LLC boosted its holdings in shares of Materion by 722.2% in the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock valued at $175,000 after acquiring an additional 1,885 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings 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 valued at $213,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds 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 report on Wednesday, May 7th.

Insiders Place Their Bets

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $80.45, for a total transaction of $160,900.00. Following the sale, the vice president now directly owns 13,376 shares in the company, valued at $1,076,099.20. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.60% of the company's stock.

Materion Stock Down 0.2%

MTRN stock opened at $76.97 on Friday. Materion Corporation has a 12-month low of $69.10 and a 12-month high of $123.21. The company has a quick ratio of 1.20, a current ratio of 2.84 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 153.95 and a beta of 0.81. The company has a 50 day moving average of $79.03 and a two-hundred day moving average of $89.38.

Materion (NYSE:MTRN - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 0.59% and a return on equity of 12.83%. Materion's revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. On average, equities analysts anticipate that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 29th were given a dividend of $0.14 per share. 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 0.73%. The ex-dividend date was Thursday, May 29th. 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.

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