2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. raised its holdings in Materion Co. (NYSE:MTRN – Free Report) by 1.
2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,541 shares of the basic materials company’s stock after purchasing an additional 871 shares during the period. Envestnet Asset Management Inc.
owned about 0.36% of Materion worth $7,371,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in MTRN.
Vanguard Group Inc. lifted its holdings in Materion by 1.0% during the 4th 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 during the last quarter. Vaughan Nelson Investment Management L.
P. raised its position in shares of Materion by 3.7% during 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 lifted its stake 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 worth $46,830,000 after purchasing an additional 30,262 shares during the last quarter.
Geode Capital Management LLC boosted its holdings in Materion by 0.6% in the third 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 increased its stake in Materion by 2.2% during the fourth 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 during the last quarter.
93.56% of the stock is currently owned by hedge funds and other institutional investors. Materion Stock Up 0.
5 %Shares of Materion stock opened at $78.71 on Monday. The stock has a market capitalization of $1.
63 billion, a price-to-earnings ratio of 271.42 and a beta of 1.15.
Materion Co. has a twelve month low of $69.10 and a twelve month high of $123.
21. The company has a current ratio of 3.19, a quick ratio of 1.
26 and a debt-to-equity ratio of 0.48. The business’s 50 day simple moving average is $85.
88 and its 200-day simple moving average is $98.94. Materion (NYSE:MTRN – Get Free Report) last posted its earnings results on Wednesday, February 19th.
The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.
12. The firm had revenue of $436.90 million during the quarter, compared to analyst estimates of $433.
22 million. Materion had a net margin of 0.35% and a return on equity of 12.
42%. Materion’s revenue was up 3.8% on a year-over-year basis.
During the same period in the previous year, the business posted $1.41 EPS. Equities research analysts forecast that Materion Co.
will post 5.5 earnings per share for the current year. Materion Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th.
Shareholders of record on Thursday, February 20th were given a dividend of $0.135 per share. This represents a $0.
54 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, February 20th.
Materion’s payout ratio is 186.21%. Insider Buying and Selling at MaterionIn other news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction on Friday, January 31st.
The shares were sold at an average price of $101.24, for a total transaction of $81,498.20.
Following the transaction, the chief financial officer now directly owns 14,632 shares in the company, valued at $1,481,343.68. The trade was a 5.
21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.
60% of the company’s stock. Materion 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.
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