Materion Co. (NYSE:MTRN) Shares Purchased by Confluence Investment Management LLC

Confluence Investment Management LLC grew its position in shares of Materion Co. (NYSE:MTRN) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,031 shares of the basic materials company’s stock after acquiring an additional 204 shares during the quarter. Confluence Investment Management LLC’s holdings in Materion were worth $399,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Stifel Financial Corp boosted its stake in Materion by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock valued at $3,991,000 after purchasing an additional 91 shares during the period. Arizona State Retirement System boosted its position in shares of Materion by 1.9% during the second quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock worth $625,000 after buying an additional 107 shares during the period. Quest Partners LLC grew its holdings in Materion by 25,600.0% in the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock worth $28,000 after buying an additional 256 shares in the last quarter. Bank of Montreal Can increased its position in Materion by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 4,831 shares of the basic materials company’s stock valued at $524,000 after acquiring an additional 281 shares during the period. Finally, LGT Group Foundation raised its stake in Materion by 0.9% during the 2nd quarter. LGT Group Foundation now owns 31,153 shares of the basic materials company’s stock valued at $3,369,000 after acquiring an additional 291 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

Materion Trading Down 3.8 %

NYSE:MTRN opened at $95.11 on Friday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 26.79 and a beta of 1.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15. Materion Co. has a 1 year low of $95.08 and a 1 year high of $145.08. The business has a fifty day moving average of $109.64 and a 200-day moving average of $109.57.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. The firm had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. Materion’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. Equities analysts predict that Materion Co. will post 5.24 earnings per share for the current year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were given a $0.135 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a yield of 0.57%. Materion’s dividend payout ratio (DPR) is 15.21%.

Insider Buying and Selling at Materion

In related news, CFO Shelly Marie Chadwick sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the sale, the chief financial officer now directly owns 13,200 shares in the company, valued at approximately $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the transaction, the vice president now owns 12,031 shares in the company, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

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.