Rice Hall James & Associates LLC Has $2.45 Million Position in Materion Co. (NYSE:MTRN)

Rice Hall James & Associates LLC lowered its stake in shares of Materion Co. (NYSE:MTRN) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,735 shares of the basic materials company’s stock after selling 141 shares during the period. Rice Hall James & Associates LLC owned about 0.12% of Materion worth $2,446,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Stifel Financial Corp boosted its stake in shares of Materion by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock valued at $3,991,000 after buying an additional 91 shares during the period. Dakota Wealth Management lifted its stake in shares of Materion by 1.5% in the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock valued at $1,079,000 after purchasing an additional 165 shares during the last quarter. GAMMA Investing LLC lifted 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 purchasing an additional 197 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Materion by 5.3% in the 4th quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 204 shares during the last quarter. Finally, Gilman Hill Asset Management LLC lifted its stake in shares of Materion by 0.9% in the 4th quarter. Gilman Hill Asset Management LLC now owns 33,662 shares of the basic materials company’s stock valued at $3,329,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insider Activity at Materion

In related news, CFO Shelly Marie Chadwick sold 1,000 shares of Materion stock in a transaction on Friday, November 29th. The shares were sold at an average price of $115.92, for a total value of $115,920.00. Following the transaction, the chief financial officer now owns 13,200 shares in the company, valued at $1,530,144. This trade represents a 7.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by company insiders.

Materion Stock Up 2.6 %

MTRN stock opened at $99.49 on Wednesday. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. Materion Co. has a 1 year low of $93.20 and a 1 year high of $139.21. The company has a fifty day simple moving average of $100.67 and a 200 day simple moving average of $106.84. The firm has a market cap of $2.06 billion, a PE ratio of 28.03 and a beta of 1.23.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, February 20th. Materion’s payout ratio is presently 15.21%.

About Materion

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.