Jane Street Group LLC Sells 12,507 Shares of Materion Co. (NYSE:MTRN)

Jane Street Group LLC lessened its stake in shares of Materion Co. (NYSE:MTRN - Free Report) by 33.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,379 shares of the basic materials company's stock after selling 12,507 shares during the quarter. Jane Street Group LLC owned about 0.12% of Materion worth $2,411,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MTRN. Barclays PLC raised its position in Materion by 356.9% in the third quarter. Barclays PLC now owns 34,877 shares of the basic materials company's stock worth $3,902,000 after acquiring an additional 27,244 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Materion by 38.0% in the third quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company's stock valued at $6,867,000 after buying an additional 16,904 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Materion by 307.8% in the fourth 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 in the last quarter. Gilman Hill Asset Management LLC increased its position in shares of Materion by 0.9% in the fourth quarter. Gilman Hill Asset Management LLC now owns 33,662 shares of the basic materials company's stock valued at $3,329,000 after buying an additional 290 shares in the last quarter. Finally, Dakota Wealth Management boosted its stake in shares of Materion by 1.5% during the fourth quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company's stock valued at $1,079,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company's stock.

Insiders Place Their Bets

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the company'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 owns 13,376 shares in the company, valued at approximately $1,076,099.20. The trade was a 13.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.60% of the company's stock.

Materion Stock Performance

MTRN traded up $0.82 during trading on Monday, hitting $80.39. The stock had a trading volume of 182,812 shares, compared to its average volume of 106,139. The company has a 50 day moving average price of $80.56 and a 200-day moving average price of $95.41. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 277.21 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26. 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 results on Thursday, May 1st. The basic materials company reported $1.13 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $396.83 million. During the same quarter in the previous year, the firm earned $0.96 EPS. Materion's revenue was up 9.1% on a year-over-year basis. As a group, research analysts predict that Materion Co. will post 5.5 EPS for the current year.

Materion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 29th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, May 29th. This is a boost from Materion's previous quarterly dividend of $0.14. Materion's dividend payout ratio is presently 112.00%.

Wall Street Analysts Forecast Growth

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

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.