Silvercrest Asset Management Group LLC Sells 144,228 Shares of Materion Co. (NYSE:MTRN)

Silvercrest Asset Management Group LLC reduced its position in Materion Co. (NYSE:MTRN - Free Report) by 29.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 347,875 shares of the basic materials company's stock after selling 144,228 shares during the period. Silvercrest Asset Management Group LLC owned 1.68% of Materion worth $34,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC lifted its holdings in Materion by 5.7% in the fourth quarter. ProShare Advisors LLC now owns 75,504 shares of the basic materials company's stock valued at $7,466,000 after buying an additional 4,076 shares during the period. Millennium Management LLC raised its position in shares of Materion by 290.6% during the 4th quarter. Millennium Management LLC now owns 57,907 shares of the basic materials company's stock valued at $5,726,000 after acquiring an additional 43,083 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Materion by 5.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 204,624 shares of the basic materials company's stock valued at $20,233,000 after purchasing an additional 11,201 shares during the period. Graham Capital Management L.P. bought a new position in shares of Materion in the 4th quarter worth $300,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Materion by 28.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 27,751 shares of the basic materials company's stock worth $2,744,000 after purchasing an additional 6,091 shares during the period. Institutional investors own 93.56% of the company's stock.

Insider Buying and Selling at Materion

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

Materion Trading Up 0.5%

Materion stock traded up $0.40 during midday trading on Thursday, hitting $77.15. 32,522 shares of the stock were exchanged, compared to its average volume of 106,484. The stock has a market capitalization of $1.61 billion, a PE ratio of 266.30 and a beta of 0.85. The company has a fifty day simple moving average of $80.26 and a two-hundred day simple moving average of $95.01. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. Materion Co. has a 52 week low of $69.10 and a 52 week high of $123.21.

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 for the quarter, topping the consensus estimate of $1.12 by $0.01. Materion had a net margin of 0.35% and a return on equity of 12.42%. The company had revenue of $420.33 million for the quarter, compared to analyst estimates of $396.83 million. During the same period last year, the business posted $0.96 earnings per share. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Increases Dividend

The firm 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 dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 29th. 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%. Materion's payout ratio is currently 112.00%.

Analysts Set New Price Targets

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

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.