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

Janney Montgomery Scott LLC grew its holdings in Materion Co. (NYSE:MTRN) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F 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 institutional investors and hedge funds have also modified their holdings of MTRN. Bank of Montreal Can increased its stake in Materion by 6.2% during the 2nd quarter. Bank of Montreal Can now owns 4,831 shares of the basic materials company’s stock worth $524,000 after acquiring an additional 281 shares during the period. Squarepoint Ops LLC acquired a new position in Materion in the second quarter valued at about $416,000. The Manufacturers Life Insurance Company lifted its position in Materion by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,305 shares of the basic materials company’s stock worth $1,222,000 after purchasing an additional 495 shares during the period. Algert Global LLC acquired a new stake in Materion during the second quarter worth about $225,000. Finally, SG Americas Securities LLC bought a new position in Materion in the 3rd quarter valued at about $795,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Materion

In related news, CFO Shelly Marie Chadwick sold 1,000 shares of Materion 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 sale, the chief financial officer now directly owns 13,200 shares of the company’s stock, valued at approximately $1,530,144. The trade was a 7.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.60% of the company’s stock.

Materion Price Performance

Shares of NYSE:MTRN opened at $101.98 on Friday. The firm has a 50 day moving average of $103.12 and a 200-day moving average of $107.98. Materion Co. has a 12 month low of $93.20 and a 12 month high of $145.08. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.12 billion, a PE ratio of 28.73 and a beta of 1.23.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, February 20th. Materion’s payout ratio is presently 15.21%.

Materion 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.