Materion Co. (NYSE:MTRN) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Materion Co. (NYSE:MTRN) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,656 shares of the basic materials company’s stock after selling 4,164 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Materion worth $5,443,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in shares of Materion by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,780 shares of the basic materials company’s stock worth $625,000 after purchasing an additional 107 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Materion by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the basic materials company’s stock worth $1,125,000 after purchasing an additional 200 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of Materion by 1.8% during the 2nd quarter. Dakota Wealth Management now owns 11,190 shares of the basic materials company’s stock worth $1,210,000 after purchasing an additional 200 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in shares of Materion by 6.4% during the 3rd quarter. Confluence Investment Management LLC now owns 3,827 shares of the basic materials company’s stock worth $428,000 after purchasing an additional 231 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of Materion by 25,600.0% during the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 256 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Trading Down 1.2 %

Shares of Materion stock opened at $113.31 on Wednesday. The stock has a market cap of $2.35 billion, a P/E ratio of 31.92 and a beta of 1.21. The stock’s 50 day simple moving average is $110.17 and its 200-day simple moving average is $110.56. Materion Co. has a 1-year low of $96.18 and a 1-year high of $145.08. 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 (NYSE:MTRN) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The business had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $416.40 million. During the same period in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts predict that Materion Co. will post 5.24 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Thursday, November 14th. Materion’s dividend payout ratio is presently 15.21%.

Insider Activity at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $115.92, for a total value of $115,920.00. Following the sale, the chief financial officer now owns 13,200 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Also, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 12,031 shares in the company, valued at approximately $1,414,484.67. The trade was a 14.25 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by 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.