SG Americas Securities LLC Takes Position in Materion Corporation (NYSE:MTRN)

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

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of Materion by 269.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company's stock worth $43,000 after buying an additional 318 shares during the period. US Bancorp DE raised its stake 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 last quarter. CIBC Asset Management Inc acquired a new stake in Materion during the 4th quarter valued at approximately $202,000. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 1,885 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its position in Materion by 6.8% during the 4th 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 and hedge funds own 93.56% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at Materion

In other news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $80.45, for a total value of $160,900.00. Following the sale, the vice president now owns 13,376 shares in the company, valued at $1,076,099.20. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.60% of the company's stock.

Materion Stock Performance

Materion stock traded up $2.30 during mid-day trading on Tuesday, hitting $80.17. The company had a trading volume of 149,513 shares, compared to its average volume of 109,710. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 160.34 and a beta of 0.81. Materion Corporation has a 12-month low of $69.10 and a 12-month high of $123.21. The company's fifty day moving average is $79.00 and its 200-day moving average is $88.82. The company has a current ratio of 2.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly 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 company 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%. The firm's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. Equities research analysts predict that Materion Corporation will post 5.5 EPS for the current year.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 29th were given a $0.14 dividend. The ex-dividend date was Thursday, May 29th. This is a boost from Materion's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. Materion's 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.