Materion Co. (NYSE:MTRN) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lowered its position in shares of Materion Co. (NYSE:MTRN) by 59.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,050 shares of the basic materials company’s stock after selling 2,990 shares during the quarter. Everence Capital Management Inc.’s holdings in Materion were worth $203,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTRN. Renaissance Technologies LLC boosted its holdings in shares of Materion by 164.0% during the second quarter. Renaissance Technologies LLC now owns 35,900 shares of the basic materials company’s stock worth $3,882,000 after purchasing an additional 22,300 shares during the last quarter. Bradley Foster & Sargent Inc. CT purchased a new position in Materion during the second quarter worth about $757,000. Victory Capital Management Inc. boosted its stake in Materion by 33.7% in the 2nd quarter. Victory Capital Management Inc. now owns 133,940 shares of the basic materials company’s stock worth $14,483,000 after buying an additional 33,751 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Materion by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company’s stock valued at $28,299,000 after acquiring an additional 5,944 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Materion by 69.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company’s stock valued at $5,310,000 after acquiring an additional 19,483 shares during the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the transaction, the chief financial officer now owns 13,200 shares in the company, valued at $1,530,144. The trade was a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the sale, the vice president now owns 12,031 shares of the company’s stock, 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. Company insiders own 2.60% of the company’s stock.

Materion Price Performance

MTRN opened at $97.07 on Thursday. Materion Co. has a 1 year low of $95.01 and a 1 year high of $145.08. The company’s 50 day simple moving average is $108.99 and its 200 day simple moving average is $109.33. The stock has a market capitalization of $2.01 billion, a PE ratio of 27.34 and a beta of 1.24. 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 (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. The company had revenue of $436.70 million during 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%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. As a group, sell-side analysts expect that Materion Co. will post 5.24 EPS for the current year.

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were issued a $0.135 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.56%. Materion’s dividend payout ratio (DPR) is 15.21%.

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.