Personal CFO Solutions LLC Sells 334 Shares of Materion Co. (NYSE:MTRN)

Personal CFO Solutions LLC lessened its holdings in shares of Materion Co. (NYSE:MTRNFree Report) by 9.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,062 shares of the basic materials company’s stock after selling 334 shares during the period. Personal CFO Solutions LLC’s holdings in Materion were worth $399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new position in Materion during the fourth quarter valued at approximately $31,311,000. Norges Bank acquired a new position in Materion during the fourth quarter valued at approximately $16,369,000. Trigran Investments Inc. grew its holdings in Materion by 14.6% during the third quarter. Trigran Investments Inc. now owns 675,294 shares of the basic materials company’s stock valued at $68,819,000 after purchasing an additional 86,134 shares during the last quarter. Natixis Advisors L.P. acquired a new position in Materion during the fourth quarter valued at approximately $5,944,000. Finally, Vanguard Group Inc. grew its holdings in Materion by 1.4% during the third quarter. Vanguard Group Inc. now owns 2,531,802 shares of the basic materials company’s stock valued at $258,016,000 after purchasing an additional 35,888 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.

Materion Trading Down 0.9 %

Shares of Materion stock opened at $109.17 on Tuesday. The company’s fifty day simple moving average is $116.96 and its 200-day simple moving average is $122.14. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 27.36 and a beta of 1.21. The company has a current ratio of 2.91, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. Materion Co. has a 1 year low of $92.23 and a 1 year high of $145.08.

Materion (NYSE:MTRNGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). The company had revenue of $385.29 million during the quarter, compared to analyst estimates of $386.84 million. Materion had a return on equity of 12.32% and a net margin of 5.19%. The company’s revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. As a group, sell-side analysts expect that Materion Co. will post 5.84 EPS for the current year.

Materion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.135 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $0.54 dividend on an annualized basis and a yield of 0.49%. This is an increase from Materion’s previous quarterly dividend of $0.13. Materion’s payout ratio is currently 13.53%.

Insider Buying and Selling at Materion

In other Materion news, Director Emily M. Liggett sold 1,152 shares of Materion stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $111.86, for a total transaction of $128,862.72. Following the completion of the transaction, the director now directly owns 2,621 shares of the company’s stock, valued at $293,185.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $113.31, for a total value of $226,620.00. Following the completion of the transaction, the vice president now directly owns 18,031 shares of the company’s stock, valued at $2,043,092.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emily M. Liggett sold 1,152 shares of Materion stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $111.86, for a total value of $128,862.72. Following the completion of the transaction, the director now directly owns 2,621 shares of the company’s stock, valued at $293,185.06. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, KeyCorp lowered their price target on Materion from $156.00 to $152.00 and set an “overweight” rating on the stock in a report on Friday, May 10th.

View Our Latest Research Report on MTRN

Materion Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Materion (NYSE:MTRN)

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