Allspring Global Investments Holdings LLC Boosts Stock Holdings in Materion Co. (NYSE:MTRN)

Allspring Global Investments Holdings LLC increased its stake in Materion Co. (NYSE:MTRN - Free Report) by 67.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,026 shares of the basic materials company's stock after purchasing an additional 12,470 shares during the period. Allspring Global Investments Holdings LLC owned 0.15% of Materion worth $4,037,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MTRN. Vanguard Group Inc. lifted its stake in shares of Materion by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,531,802 shares of the basic materials company's stock valued at $258,016,000 after purchasing an additional 35,888 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Materion in the fourth quarter valued at about $31,311,000. Nordea Investment Management AB boosted its holdings in Materion by 18.0% during the third quarter. Nordea Investment Management AB now owns 75,436 shares of the basic materials company's stock worth $7,717,000 after buying an additional 11,520 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Materion by 41.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 2,966 shares of the basic materials company's stock worth $302,000 after buying an additional 866 shares during the period. Finally, Jennison Associates LLC bought a new stake in shares of Materion in the 3rd quarter valued at about $20,614,000. 93.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Shelly Marie Chadwick sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total value of $265,200.00. Following the completion of the sale, the chief financial officer now directly owns 13,147 shares in the company, valued at $1,743,292.20. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Shelly Marie Chadwick sold 2,000 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $132.60, for a total transaction of $265,200.00. Following the completion of the sale, the chief financial officer now owns 13,147 shares of the company's stock, valued at $1,743,292.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $133.74, for a total transaction of $401,220.00. Following the sale, the vice president now owns 14,510 shares in the company, valued at $1,940,567.40. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Separately, KeyCorp lowered their target price on shares of Materion from $157.00 to $156.00 and set an "overweight" rating for the company in a research note on Monday, April 1st.

Materion Stock Down 0.2 %

MTRN stock traded down $0.27 during mid-day trading on Friday, hitting $119.48. 85,846 shares of the company were exchanged, compared to its average volume of 110,593. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 2.78. Materion Co. has a 1-year low of $92.23 and a 1-year high of $145.08. The firm's 50 day simple moving average is $129.80 and its 200 day simple moving average is $119.34. The firm has a market cap of $2.48 billion, a P/E ratio of 26.09 and a beta of 1.14.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.03. Materion had a return on equity of 13.49% and a net margin of 5.75%. The business had revenue of $421.00 million during the quarter, compared to the consensus estimate of $420.50 million. During the same period last year, the company earned $1.49 earnings per share. Materion's quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts predict that Materion Co. will post 6.03 EPS for the current fiscal year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 22nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Wednesday, February 21st. Materion's dividend payout ratio is 11.35%.

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.