Deutsche Bank AG Has $1.80 Million Stake in Materion Co. (NYSE:MTRN)

Deutsche Bank AG grew its stake in Materion Co. (NYSE:MTRN) by 46.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,244 shares of the basic materials company’s stock after purchasing an additional 5,784 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Materion worth $1,804,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its holdings in Materion by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company’s stock valued at $213,000 after buying an additional 137 shares during the period. Synovus Financial Corp grew its holdings in Materion by 1.8% during the 4th quarter. Synovus Financial Corp now owns 7,645 shares of the basic materials company’s stock worth $756,000 after acquiring an additional 138 shares during the period. Dakota Wealth Management increased its stake in shares of Materion by 1.5% in the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock valued at $1,079,000 after acquiring an additional 165 shares in the last quarter. Aurora Investment Counsel grew its stake in shares of Materion by 2.8% in the 4th quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company’s stock valued at $643,000 after buying an additional 180 shares during the period. Finally, Stifel Financial Corp grew its position in Materion by 0.5% in the 4th quarter. Stifel Financial Corp now owns 35,873 shares of the basic materials company’s stock valued at $3,547,000 after purchasing an additional 193 shares during the period. 93.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Materion Stock Performance

Shares of MTRN stock opened at $76.72 on Friday. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Materion Co. has a 12 month low of $69.10 and a 12 month high of $123.21. The stock has a market capitalization of $1.60 billion, a P/E ratio of 264.55 and a beta of 0.85. The firm’s 50 day moving average is $79.82 and its 200 day moving average is $94.58.

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

Materion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 29th. This is an increase from Materion’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. Materion’s dividend payout ratio (DPR) is 112.00%.

Insider Transactions at Materion

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

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.