Janney Montgomery Scott LLC Acquires 828 Shares of Materion Co. (NYSE:MTRN)

Janney Montgomery Scott LLC raised its holdings in Materion Co. (NYSE:MTRN) by 10.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,878 shares of the basic materials company’s stock after acquiring an additional 828 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Materion were worth $878,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MTRN. Mountaineer Partners Management LLC increased its holdings in Materion by 9,463.5% in the third quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock valued at $1,023,235,000 after purchasing an additional 9,051,813 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Materion by 12.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock valued at $67,501,000 after purchasing an additional 64,470 shares in the last quarter. abrdn plc boosted its holdings in Materion by 19.8% during the third quarter. abrdn plc now owns 258,728 shares of the basic materials company’s stock worth $28,941,000 after purchasing an additional 42,717 shares during the last quarter. Intech Investment Management LLC boosted its position in Materion by 435.3% in the third quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company’s stock worth $4,007,000 after purchasing an additional 29,131 shares during the last quarter. Finally, Barclays PLC grew its position in Materion by 356.9% during the third quarter. Barclays PLC now owns 34,877 shares of the basic materials company’s stock valued at $3,902,000 after buying an additional 27,244 shares during the period. Institutional investors own 93.56% of the company’s stock.

Insiders Place Their Bets

In other Materion 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 sale, the chief financial officer now owns 14,632 shares of the company’s stock, valued at $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

Materion Stock Performance

NYSE:MTRN opened at $101.98 on Friday. Materion Co. has a 1 year low of $93.20 and a 1 year high of $145.08. The business has a fifty day simple moving average of $103.12 and a two-hundred day simple moving average of $107.98. The company has a market capitalization of $2.12 billion, a P/E ratio of 28.73 and a beta of 1.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, February 20th. Materion’s dividend payout ratio (DPR) is currently 15.21%.

About Materion

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.