Materion Co. (NYSE:MTRN) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in shares of Materion Co. (NYSE:MTRN) by 25.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,228 shares of the basic materials company’s stock after selling 22,862 shares during the period. Ameriprise Financial Inc. owned 0.32% of Materion worth $6,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its holdings in shares of Materion by 16.3% during the 4th quarter. Capital Research Global Investors now owns 1,838,484 shares of the basic materials company’s stock worth $181,789,000 after buying an additional 257,637 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Materion in the fourth quarter valued at $10,399,000. Norges Bank purchased a new stake in Materion in the fourth quarter valued at $5,037,000. JPMorgan Chase & Co. raised its position in Materion by 69.1% in the fourth quarter. JPMorgan Chase & Co. now owns 103,799 shares of the basic materials company’s stock valued at $10,264,000 after purchasing an additional 42,414 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Materion by 6.8% in 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 purchasing an additional 30,262 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Price Performance

NYSE:MTRN opened at $76.66 on Friday. Materion Co. has a 52 week low of $69.10 and a 52 week high of $123.21. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $1.60 billion, a P/E ratio of 264.35 and a beta of 0.85. The stock’s fifty day moving average is $80.04 and its two-hundred day moving average is $94.80.

Materion (NYSE:MTRN) last posted its earnings results on Thursday, May 1st. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The company had revenue of $420.33 million for the quarter, compared to the consensus estimate of $396.83 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. Equities analysts expect that Materion Co. will post 5.5 EPS for the current year.

Materion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 29th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 29th. This is an increase from Materion’s previous quarterly dividend of $0.14. Materion’s payout ratio is currently 112.00%.

Analyst Upgrades and Downgrades

Separately, KeyCorp restated a “sector weight” rating on shares of Materion in a research report on Wednesday, May 7th.

Insider Activity at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $80.45, for a total value of $160,900.00. Following the sale, the vice president now owns 13,376 shares in the company, valued at approximately $1,076,099.20. The trade was a 13.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.60% of the company’s stock.

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.