MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 11,201 Shares of Materion Co. (NYSE:MTRN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Materion Co. (NYSE:MTRN - Free Report) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,624 shares of the basic materials company's stock after purchasing an additional 11,201 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.99% of Materion worth $20,233,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MTRN. GAMMA Investing LLC boosted its stake in shares of Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock worth $26,000 after buying an additional 197 shares during the last quarter. Smartleaf Asset Management LLC raised 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 acquiring an additional 318 shares in the last quarter. KBC Group NV boosted its position in Materion by 54.5% during the fourth quarter. KBC Group NV now owns 882 shares of the basic materials company's stock valued at $87,000 after purchasing an additional 311 shares during the last quarter. US Bancorp DE grew its stake in Materion by 30.3% in the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company's stock valued at $133,000 after purchasing an additional 313 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Materion during the 4th quarter worth approximately $202,000. Institutional investors own 93.56% of the company's stock.

Analyst Ratings Changes

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

Materion Stock Performance

MTRN stock traded down $0.39 during trading hours on Tuesday, reaching $80.14. The stock had a trading volume of 40,643 shares, compared to its average volume of 119,690. The stock has a 50-day simple moving average of $80.49 and a 200 day simple moving average of $95.24. Materion Co. has a fifty-two week low of $69.10 and a fifty-two week high of $123.21. The stock has a market capitalization of $1.67 billion, a PE ratio of 276.34 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 (NYSE:MTRN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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 business had revenue of $420.33 million during the quarter, compared to the consensus estimate of $396.83 million. During the same period last year, the business posted $0.96 EPS. Materion's revenue was up 9.1% on a year-over-year basis. Analysts predict that Materion Co. will post 5.5 EPS for the current fiscal 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 paid 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 112.00%.

Insider Activity at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $1,076,099.20. This represents a 13.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is owned by company insiders.

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.