Materion Co. (NYSE:MTRN) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. lifted its stake in shares of Materion Co. (NYSE:MTRN) by 463.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,818 shares of the basic materials company’s stock after acquiring an additional 2,318 shares during the period. Whittier Trust Co.’s holdings in Materion were worth $279,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake 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 acquiring an additional 197 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Materion by 269.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company’s stock worth $43,000 after buying an additional 318 shares during the last quarter. Quest Partners LLC boosted its stake in Materion by 118.7% in the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock worth $63,000 after buying an additional 305 shares during the last quarter. KBC Group NV boosted its stake in Materion by 54.5% in the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock worth $87,000 after buying an additional 311 shares during the last quarter. Finally, US Bancorp DE boosted its stake in 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. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insider Activity

In other news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction dated Friday, January 31st. The stock was 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 $1,481,343.68. The trade was a 5.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Materion Stock Up 0.3 %

Shares of NYSE:MTRN opened at $85.59 on Monday. The stock’s 50-day moving average price is $95.23 and its two-hundred day moving average price is $103.03. 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 firm has a market cap of $1.78 billion, a price-to-earnings ratio of 295.12 and a beta of 1.20.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $433.22 million. During the same period last year, the company earned $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 year.

Materion Dividend Announcement

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

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.