Fisher Asset Management LLC Raises Stock Position in Materion Co. (NYSE:MTRN)

Fisher Asset Management LLC grew its holdings in Materion Co. (NYSE:MTRN) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 164,360 shares of the basic materials company’s stock after acquiring an additional 7,782 shares during the period. Fisher Asset Management LLC owned about 0.79% of Materion worth $16,252,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Materion by 307.8% in the 4th 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. Quest Partners LLC raised its stake in shares of Materion by 118.7% in the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 305 shares during the period. ARK Investment Management LLC purchased a new position in shares of Materion in the 3rd quarter valued at $85,000. KBC Group NV raised its stake in shares of Materion by 54.5% in the 4th 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 period. Finally, CIBC Asset Management Inc purchased a new stake in Materion during the 4th quarter worth $202,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling

In other 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

Materion Stock Performance

Materion stock opened at $87.39 on Tuesday. Materion Co. has a 12-month low of $87.22 and a 12-month high of $139.21. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 301.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26. The firm’s fifty day moving average price is $98.86 and its 200 day moving average price is $105.95.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $433.22 million. During the same quarter in the previous year, the firm posted $1.41 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts forecast that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, February 20th. Materion’s dividend payout ratio (DPR) is 186.21%.

Materion Company 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.