Sei Investments Co. Buys 3,347 Shares of Materion Co. (NYSE:MTRN)

Sei Investments Co. increased its stake in Materion Co. (NYSE:MTRN) by 8.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 44,367 shares of the basic materials company’s stock after buying an additional 3,347 shares during the quarter. Sei Investments Co. owned 0.21% of Materion worth $4,387,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MTRN. GAMMA Investing LLC boosted its position in shares of Materion by 307.8% in the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 197 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Materion by 269.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 318 shares during the last quarter. KBC Group NV raised its stake in shares of Materion by 54.5% during the fourth quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock valued at $87,000 after acquiring an additional 311 shares during the last quarter. US Bancorp DE grew its position in shares of Materion by 30.3% in the 4th quarter. US Bancorp DE now owns 1,347 shares of the basic materials company’s stock worth $133,000 after buying an additional 313 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in Materion in the 4th quarter worth $202,000. Institutional investors own 93.56% of the company’s stock.

Materion Price Performance

MTRN opened at $83.38 on Thursday. Materion Co. has a 12-month low of $79.18 and a 12-month high of $129.60. The stock has a fifty day simple moving average of $92.72 and a two-hundred day simple moving average of $101.97. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 287.52 and a beta of 1.21. 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 quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.12. Materion had a return on equity of 12.42% and a net margin of 0.35%. The firm had revenue of $436.90 million for the quarter, compared to the consensus estimate of $433.22 million. During the same period in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts predict that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a $0.135 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.65%. Materion’s dividend payout ratio is currently 186.21%.

Insider Buying and Selling

In other Materion 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 completion of the sale, the chief financial officer now directly owns 14,632 shares of the company’s stock, valued at $1,481,343.68. The trade was a 5.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by company 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.