105,170 Shares in Materion Co. (NYSE:MTRN) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Materion Co. (NYSE:MTRN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 105,170 shares of the basic materials company’s stock, valued at approximately $10,399,000. Raymond James Financial Inc. owned approximately 0.51% of Materion as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Materion in the third quarter worth $318,000. Natixis Advisors LLC boosted its holdings in shares of Materion by 18.5% during the 3rd quarter. Natixis Advisors LLC now owns 120,813 shares of the basic materials company’s stock valued at $13,514,000 after buying an additional 18,836 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Materion by 69.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company’s stock worth $5,310,000 after buying an additional 19,483 shares during the period. Quest Partners LLC increased its stake in shares of Materion by 118.7% in the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 305 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in Materion by 20.3% during the third quarter. Pathstone Holdings LLC now owns 17,192 shares of the basic materials company’s stock worth $1,923,000 after acquiring an additional 2,896 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Trading Down 0.8 %

NYSE:MTRN opened at $85.26 on Friday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 293.98 and a beta of 1.20. 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 Co. has a one year low of $80.21 and a one year high of $139.21. The company’s 50-day simple moving average is $95.40 and its 200 day simple moving average is $103.29.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.12. The company had revenue of $436.90 million for the quarter, compared to the consensus estimate of $433.22 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. As a group, analysts forecast that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Thursday, February 20th. Materion’s dividend payout ratio is presently 186.21%.

Insider Buying and Selling

In related news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the completion of the transaction, the chief financial officer now directly owns 14,632 shares in the company, valued at $1,481,343.68. The trade was a 5.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

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.