KBC Group NV Purchases 311 Shares of Materion Co. (NYSE:MTRN)

KBC Group NV boosted its position in shares of Materion Co. (NYSE:MTRN) by 54.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 882 shares of the basic materials company’s stock after acquiring an additional 311 shares during the quarter. KBC Group NV’s holdings in Materion were worth $87,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mountaineer Partners Management LLC lifted its position in Materion by 9,463.5% during the third 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 purchasing an additional 9,051,813 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Materion by 12.0% during the 3rd 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 buying an additional 64,470 shares in the last quarter. abrdn plc grew its stake in shares of Materion by 19.8% during the 3rd quarter. abrdn plc now owns 258,728 shares of the basic materials company’s stock valued at $28,941,000 after acquiring an additional 42,717 shares during the period. Intech Investment Management LLC increased its holdings in Materion by 435.3% in the 3rd quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company’s stock worth $4,007,000 after acquiring an additional 29,131 shares in the last quarter. Finally, Barclays PLC raised its stake in Materion by 356.9% during the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company’s stock worth $3,902,000 after acquiring an additional 27,244 shares during the period. Institutional investors own 93.56% of the company’s stock.

Materion Stock Performance

MTRN opened at $99.18 on Monday. The company has a 50 day simple moving average of $102.79 and a two-hundred day simple moving average of $107.74. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. The firm has a market cap of $2.06 billion, a P/E ratio of 27.94 and a beta of 1.23. Materion Co. has a 1-year low of $93.20 and a 1-year high of $145.08.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a $0.135 dividend. 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 0.54%. Materion’s payout ratio is presently 15.21%.

Insider Buying and Selling at Materion

In other 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

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.