Materion Co. (NYSE:MTRN) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC reduced its stake in Materion Co. (NYSE:MTRN - Free Report) by 7.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 126,367 shares of the basic materials company's stock after selling 10,328 shares during the quarter. Granahan Investment Management LLC owned 0.61% of Materion worth $12,495,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MTRN. GAMMA Investing LLC raised 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 purchasing an additional 197 shares during the period. Smartleaf Asset Management LLC boosted its stake in Materion by 269.5% in the 4th 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 period. KBC Group NV grew its holdings in Materion by 54.5% during the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company's stock valued at $87,000 after buying an additional 311 shares in the last quarter. US Bancorp DE increased its position in shares of Materion by 30.3% during the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock valued at $133,000 after buying an additional 313 shares during the period. Finally, CIBC Asset Management Inc bought a new position in shares of Materion in the fourth quarter valued at approximately $202,000. Institutional investors own 93.56% of the company's stock.

Materion Trading Down 0.1%

MTRN traded down $0.04 during midday trading on Thursday, reaching $77.58. 92,605 shares of the company's stock traded hands, compared to its average volume of 104,685. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 267.72 and a beta of 0.85. The firm has a fifty day moving average of $80.80 and a two-hundred day moving average of $95.89. Materion Co. has a 52 week low of $69.10 and a 52 week high of $123.21. 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 (NYSE:MTRN - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $420.33 million during the quarter, compared to analyst estimates of $396.83 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. On average, equities analysts anticipate that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 29th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. This is a boost from Materion's previous quarterly dividend of $0.14. Materion's payout ratio is currently 112.00%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other 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 completion of the transaction, the vice president now owns 13,376 shares of the company's stock, valued at $1,076,099.20. This represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by corporate insiders.

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.