Materion Co. (NYSE:MTRN) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Materion Co. (NYSE:MTRN) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,396 shares of the basic materials company’s stock after selling 1,880 shares during the quarter. Legal & General Group Plc owned approximately 0.28% of Materion worth $5,774,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Materion by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock valued at $6,867,000 after acquiring an additional 16,904 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 last quarter. Raymond James Financial Inc. purchased a new position in Materion during the fourth quarter worth approximately $10,399,000. KLP Kapitalforvaltning AS acquired a new position in Materion during the fourth quarter worth $415,000. Finally, Choreo LLC purchased a new stake in Materion in the 4th quarter valued at $315,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Stock Up 0.5 %

NYSE MTRN opened at $78.71 on Monday. Materion Co. has a 52 week low of $69.10 and a 52 week high of $123.21. The firm has a market cap of $1.63 billion, a PE ratio of 271.42 and a beta of 1.15. The business’s fifty day simple moving average is $85.88 and its 200-day simple moving average is $98.94. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48.

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, beating the consensus estimate of $1.43 by $0.12. Materion had a net margin of 0.35% and a return on equity of 12.42%. The business had revenue of $436.90 million during the quarter, compared to analysts’ expectations of $433.22 million. During the same quarter in the prior year, the company posted $1.41 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Materion Co. will post 5.5 earnings per share for the current year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a $0.135 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.54 annualized dividend and a yield of 0.69%. Materion’s dividend payout ratio (DPR) is currently 186.21%.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the sale, the chief financial officer now owns 14,632 shares of the company’s stock, valued at $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by 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.