Silvercrest Asset Management Group LLC Has $34.40 Million Stock Position in Materion Co. (NYSE:MTRN)

Silvercrest Asset Management Group LLC lowered its holdings in shares of Materion Co. (NYSE:MTRN - Free Report) by 29.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 1.68% of Materion worth $34,398,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its stake in shares of Materion by 5.7% in the 4th quarter. ProShare Advisors LLC now owns 75,504 shares of the basic materials company's stock worth $7,466,000 after buying an additional 4,076 shares in the last quarter. Millennium Management LLC raised its stake in shares of Materion by 290.6% in the 4th quarter. Millennium Management LLC now owns 57,907 shares of the basic materials company's stock worth $5,726,000 after buying an additional 43,083 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $20,233,000 after buying an additional 11,201 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of Materion in the 4th quarter worth $300,000. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Materion by 28.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 27,751 shares of the basic materials company's stock worth $2,744,000 after buying an additional 6,091 shares in the last quarter. Institutional investors own 93.56% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.

Materion Stock Down 0.3%

Shares of NYSE:MTRN traded down $0.26 on Tuesday, reaching $80.27. The company had a trading volume of 171,487 shares, compared to its average volume of 106,447. Materion Co. has a twelve month low of $69.10 and a twelve month high of $123.21. The stock has a 50-day moving average price of $80.49 and a 200 day moving average price of $95.24. The stock has a market capitalization of $1.67 billion, a P/E ratio of 276.79 and a beta of 0.85. 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 (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.42% and a net margin of 0.35%. The business 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. The firm's revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Materion Co. will post 5.5 EPS for the current year.

Materion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 29th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, May 29th. This is a positive change from Materion's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. Materion's dividend payout ratio is 112.00%.

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.