Materion Co. (NYSE:MTRN) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in Materion Co. (NYSE:MTRN) by 1.8% in the fourth quarter, HoldingsChannel reports. The fund owned 190,750 shares of the basic materials company’s stock after selling 3,500 shares during the period. Gamco Investors INC. ET AL’s holdings in Materion were worth $18,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 197 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Materion by 269.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company’s stock valued at $43,000 after buying an additional 318 shares during the period. KBC Group NV increased its holdings in Materion by 54.5% in the fourth quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock valued at $87,000 after buying an additional 311 shares in the last quarter. US Bancorp DE raised its position in shares of Materion by 30.3% in the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 313 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of Materion during the 4th quarter worth about $202,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Price Performance

NYSE:MTRN opened at $77.95 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. Materion Co. has a 52 week low of $69.10 and a 52 week high of $125.41. The stock’s 50-day moving average price is $87.17 and its 200-day moving average price is $99.52. The stock has a market capitalization of $1.62 billion, a PE ratio of 268.78 and a beta of 1.15.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.43 by $0.12. The company had revenue of $436.90 million for the quarter, compared to analyst estimates of $433.22 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. Materion’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.41 earnings per share. As a group, equities analysts expect that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, February 20th. Materion’s payout ratio is presently 186.21%.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction of $81,498.20. Following the completion of the sale, the chief financial officer now directly owns 14,632 shares in the company, valued at approximately $1,481,343.68. The trade was a 5.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by company insiders.

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.