Materion Co. (NYSE:MTRN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in shares of Materion Co. (NYSE:MTRN) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,873 shares of the basic materials company’s stock after selling 193 shares during the period. Yousif Capital Management LLC’s holdings in Materion were worth $778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mountaineer Partners Management LLC increased its position in shares of Materion by 9,463.5% in the 3rd 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 acquiring an additional 9,051,813 shares during the period. Vaughan Nelson Investment Management L.P. increased 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 during the period. abrdn plc raised its stake in shares of Materion by 19.8% in 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 lifted its holdings in shares of Materion by 435.3% during 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 period. Finally, Barclays PLC boosted its position in Materion by 356.9% in 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 last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Stock Performance

MTRN opened at $96.83 on Friday. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. Materion Co. has a 12-month low of $93.20 and a 12-month high of $145.08. The firm has a 50 day moving average of $101.31 and a two-hundred day moving average of $107.10. The firm has a market capitalization of $2.01 billion, a PE ratio of 27.28 and a beta of 1.23.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a yield of 0.56%. Materion’s dividend payout ratio is presently 15.21%.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the sale, the chief financial officer now owns 14,632 shares in the company, valued at approximately $1,481,343.68. This represents a 5.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.30% of the stock is owned by insiders.

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.