Victory Capital Management Inc. Purchases 627 Shares of Materion Co. (NYSE:MTRN)

Victory Capital Management Inc. boosted its holdings in Materion Co. (NYSE:MTRN) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,874 shares of the basic materials company’s stock after purchasing an additional 627 shares during the quarter. Victory Capital Management Inc.’s holdings in Materion were worth $779,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after buying an additional 197 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Materion by 269.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 318 shares during the last quarter. Quest Partners LLC increased its holdings 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 in the last quarter. KBC Group NV raised its stake in shares of Materion by 54.5% in the fourth 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. Finally, US Bancorp DE lifted its holdings in shares of Materion by 30.3% in the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 313 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

Materion Trading Down 0.8 %

Shares of Materion stock opened at $85.26 on Friday. The company has a market capitalization of $1.77 billion, a P/E ratio of 293.98 and a beta of 1.20. The stock has a fifty day simple moving average of $95.40 and a 200 day simple moving average of $103.29. Materion Co. has a 12-month low of $80.21 and a 12-month high of $139.21. 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 (NYSE:MTRN) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 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 company had revenue of $436.90 million during the quarter, compared to the consensus estimate of $433.22 million. During the same quarter in the prior year, the company posted $1.41 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

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

Insider Activity

In related news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the transaction, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

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.