US Bancorp DE Acquires 313 Shares of Materion Co. (NYSE:MTRN)

US Bancorp DE lifted its position in Materion Co. (NYSE:MTRN) by 30.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,347 shares of the basic materials company’s stock after acquiring an additional 313 shares during the quarter. US Bancorp DE’s holdings in Materion were worth $133,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 197 shares during the period. Quest Partners LLC grew its position in Materion by 118.7% during the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 305 shares during the last quarter. KBC Group NV grew its position in Materion by 54.5% during the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 311 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in Materion during the 4th quarter worth approximately $202,000. Finally, Centiva Capital LP purchased a new stake in Materion during the 3rd quarter worth approximately $259,000. Institutional investors own 93.56% of the company’s stock.

Materion Stock Performance

Shares of NYSE MTRN opened at $85.69 on Monday. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Materion Co. has a 12 month low of $80.21 and a 12 month high of $139.21. The company has a 50 day simple moving average of $96.22 and a two-hundred day simple moving average of $103.93. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 295.50 and a beta of 1.20.

Materion (NYSE:MTRN) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.12. Materion had a net margin of 0.35% and a return on equity of 12.42%. The firm had revenue of $436.90 million during the quarter, compared to analysts’ expectations of $433.22 million. During the same period in the previous year, the business posted $1.41 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts predict that Materion Co. will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, February 20th. Materion’s dividend payout ratio is currently 186.21%.

Insider Activity at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $101.24, for a total value 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 approximately $1,481,343.68. The trade was a 5.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.30% of the company’s stock.

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.