Kennedy Capital Management Inc. acquired a new stake in shares of Materion Corp (NYSE:MTRN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 72,948 shares of the basic materials company’s stock, valued at approximately $3,545,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its position in Materion by 4.2% during the 2nd quarter. State Street Corp now owns 672,956 shares of the basic materials company’s stock valued at $25,167,000 after purchasing an additional 26,973 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Materion during the 3rd quarter valued at $441,000. BNP Paribas Arbitrage SA raised its position in Materion by 52.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,651 shares of the basic materials company’s stock valued at $503,000 after purchasing an additional 3,994 shares in the last quarter. Algert Global LLC raised its position in Materion by 65.9% during the 3rd quarter. Algert Global LLC now owns 59,198 shares of the basic materials company’s stock valued at $2,554,000 after purchasing an additional 23,512 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Materion by 3.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 190,108 shares of the basic materials company’s stock valued at $8,204,000 after purchasing an additional 6,206 shares in the last quarter. Institutional investors own 91.96% of the company’s stock.
In related news, VP Joseph P. Kelley sold 2,419 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $51.43, for a total transaction of $124,409.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Craig S. Shular sold 5,267 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $52.73, for a total value of $277,728.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,686 shares of company stock valued at $806,938. Corporate insiders own 2.90% of the company’s stock.
Materion Corp (NYSE:MTRN) opened at $53.25 on Tuesday. The company has a market capitalization of $1,080.23, a price-to-earnings ratio of 31.22 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.23 and a quick ratio of 1.50. Materion Corp has a 1 year low of $31.05 and a 1 year high of $54.30.
Materion (NYSE:MTRN) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.13. The firm had revenue of $308.67 million during the quarter, compared to analyst estimates of $285.50 million. Materion had a return on equity of 6.95% and a net margin of 1.00%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. research analysts anticipate that Materion Corp will post 2.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 21st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, February 20th. Materion’s payout ratio is 71.43%.
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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