Handelsbanken Fonder AB Has $490,000 Stock Holdings in Materion Co. (NYSE:MTRN)

Handelsbanken Fonder AB raised its stake in Materion Co. (NYSE:MTRN) by 27.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,766 shares of the basic materials company’s stock after purchasing an additional 800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Materion were worth $490,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MTRN. Vaughan Nelson Investment Management L.P. acquired a new position in Materion in the 4th quarter valued at approximately $31,311,000. Jennison Associates LLC acquired a new position in shares of Materion during the 3rd quarter worth $20,614,000. Trigran Investments Inc. increased its stake in shares of Materion by 14.6% during the 3rd quarter. Trigran Investments Inc. now owns 675,294 shares of the basic materials company’s stock worth $68,819,000 after purchasing an additional 86,134 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Materion by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,531,802 shares of the basic materials company’s stock worth $258,016,000 after purchasing an additional 35,888 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Materion during the 3rd quarter worth $3,377,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Stock Performance

Shares of MTRN opened at $115.02 on Thursday. The company’s fifty day moving average is $128.11 and its 200-day moving average is $120.51. Materion Co. has a 12 month low of $92.23 and a 12 month high of $145.08. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 25.11 and a beta of 1.14. The company has a quick ratio of 1.05, a current ratio of 2.78 and a debt-to-equity ratio of 0.45.

Materion (NYSE:MTRN) last posted its earnings results on Thursday, February 15th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. Materion had a net margin of 5.75% and a return on equity of 13.49%. The business had revenue of $421.00 million for the quarter, compared to analyst estimates of $420.50 million. During the same period last year, the business posted $1.49 EPS. Materion’s revenue was down 3.1% compared to the same quarter last year. Equities analysts expect that Materion Co. will post 6.03 EPS for the current fiscal year.

Insider Activity at Materion

In related news, VP Gregory R. Chemnitz sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total value of $401,220.00. Following the transaction, the vice president now directly owns 14,510 shares in the company, valued at approximately $1,940,567.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Gregory R. Chemnitz sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total value of $401,220.00. Following the transaction, the vice president now directly owns 14,510 shares in the company, valued at approximately $1,940,567.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the stock in a transaction on 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 directly owns 13,147 shares of the company’s stock, valued at $1,743,292.20. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, KeyCorp dropped their price target on shares of Materion from $157.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, April 1st.

About Materion

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.