Materion Co. (NYSE:MTRN) Shares Bought by Bank of Montreal Can

Bank of Montreal Can increased its stake in Materion Co. (NYSE:MTRN) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,304 shares of the basic materials company’s stock after acquiring an additional 470 shares during the period. Bank of Montreal Can’s holdings in Materion were worth $524,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Materion by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,141 shares of the basic materials company’s stock valued at $249,488,000 after buying an additional 25,888 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Materion by 3.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 625,767 shares of the basic materials company’s stock valued at $61,876,000 after acquiring an additional 22,322 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Materion by 6.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company’s stock valued at $46,830,000 after acquiring an additional 30,262 shares during the period. Geode Capital Management LLC raised its holdings in shares of Materion by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company’s stock worth $52,246,000 after purchasing an additional 2,953 shares during the period. Finally, Copeland Capital Management LLC lifted its stake in shares of Materion by 2.2% in the 4th quarter. Copeland Capital Management LLC now owns 412,795 shares of the basic materials company’s stock valued at $40,817,000 after purchasing an additional 8,842 shares in the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Shelly Marie Chadwick sold 805 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction of $81,498.20. Following the completion of the sale, the chief financial officer now directly owns 14,632 shares in the company, valued at $1,481,343.68. This trade represents a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Materion Stock Up 1.4 %

MTRN opened at $79.86 on Tuesday. Materion Co. has a 1 year low of $69.10 and a 1 year high of $123.21. The firm has a 50 day moving average price of $85.52 and a 200 day moving average price of $98.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. The company has a market cap of $1.66 billion, a PE ratio of 275.38 and a beta of 1.15.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $436.90 million during the quarter, compared to analyst estimates of $433.22 million. During the same quarter in the prior year, the business earned $1.41 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts expect that Materion Co. will post 5.5 earnings per share for the current year.

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a dividend of $0.135 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.54 annualized dividend and a dividend yield of 0.68%. Materion’s payout ratio is currently 186.21%.

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.