Capital Research Global Investors Grows Position in Materion Co. (NYSE:MTRN)

Capital Research Global Investors lifted its position in shares of Materion Co. (NYSE:MTRN - Free Report) by 16.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,838,484 shares of the basic materials company's stock after purchasing an additional 257,637 shares during the quarter. Capital Research Global Investors owned 8.86% of Materion worth $181,789,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MTRN. GAMMA Investing LLC raised its position in Materion by 307.8% in the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock valued at $26,000 after buying an additional 197 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in 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 purchasing an additional 318 shares during the last quarter. KBC Group NV grew its position 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 in the last quarter. US Bancorp DE lifted its position in shares of Materion by 30.3% during the 4th quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock worth $133,000 after buying an additional 313 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Materion in the fourth quarter valued at approximately $202,000. 93.56% of the stock is currently owned by institutional investors.

Insider Activity at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the completion of the transaction, the chief financial officer now directly owns 14,632 shares in the company, valued at approximately $1,481,343.68. The trade was a 5.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Materion Stock Performance

Materion stock traded down $0.67 during mid-day trading on Friday, reaching $83.01. 68,718 shares of the company's stock were exchanged, compared to its average volume of 100,608. The firm has a market capitalization of $1.72 billion, a PE ratio of 286.24 and a beta of 1.15. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The business's fifty day simple moving average is $84.20 and its 200 day simple moving average is $98.21. 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 posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.12. Materion had a net margin of 0.35% and a return on equity of 12.42%. The business had revenue of $436.90 million during the quarter, compared to the consensus estimate of $433.22 million. During the same quarter last year, the company posted $1.41 earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts expect that Materion Co. will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, February 20th. Materion's dividend payout ratio (DPR) is currently 186.21%.

Materion Company 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.