2 weeks Ago By ABMN Staff
Geode Capital Management LLC lessened its position in shares of Materion Co. ( NYSE:MTRN – Free Report ) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 463,759 shares of the basic materials company’s stock after selling 3,213 shares during the period. Geode Capital Management LLC’s holdings in Materion were worth $45,868,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently modified their holdings of the company.
Vanguard Group Inc. grew its holdings in shares of Materion by 1.0% during the fourth quarter.
Vanguard Group Inc. now owns 2,523,141 shares of the basic materials company’s stock worth $249,488,000 after buying an additional 25,888 shares in the last quarter. Vaughan Nelson Investment Management L.
P. lifted its stake in Materion by 3.7% in the 4th 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 in the last quarter.
Barrow Hanley Mewhinney & Strauss LLC boosted its position in Materion by 6.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company’s stock worth $46,830,000 after acquiring an additional 30,262 shares during the last quarter.
Copeland Capital Management LLC grew its stake in shares of Materion by 2.2% during the 4th quarter. Copeland Capital Management LLC now owns 412,795 shares of the basic materials company’s stock worth $40,817,000 after acquiring an additional 8,842 shares in the last quarter.
Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Materion by 4.4% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 264,197 shares of the basic materials company’s stock valued at $26,124,000 after purchasing an additional 11,212 shares during the last quarter. Institutional investors and hedge funds own 93.
56% of the company’s stock. Insider Activity In related news, CFO Shelly Marie Chadwick sold 805 shares of Materion 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 transaction, the chief financial officer now owns 14,632 shares in the company, valued at approximately $1,481,343.
68. This trade represents a 5.21 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . 2.30% of the stock is currently owned by insiders.
Materion Stock Performance Materion ( NYSE:MTRN – Get Free Report ) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.
43 by $0.12. The company had revenue of $436.
90 million during the quarter, compared to the consensus estimate of $433.22 million. Materion had a net margin of 0.
35% and a return on equity of 12.42%. The company’s quarterly revenue was up 3.
8% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 EPS.
Equities research analysts expect that Materion Co. will post 5.5 EPS for the current fiscal year.
Materion Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.135 per share.
This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.68%.
The ex-dividend date of this dividend was Thursday, February 20th. Materion’s dividend payout ratio is currently 186.21%.
Materion Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding MTRN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Materion Co. ( NYSE:MTRN – Free Report ). Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.
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