Kingswood Wealth Advisors LLC Sells 300 Shares of Materion Co. (NYSE:MTRN)

Kingswood Wealth Advisors LLC decreased its position in Materion Co. (NYSE:MTRN) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,368 shares of the basic materials company’s stock after selling 300 shares during the quarter. Kingswood Wealth Advisors LLC owned approximately 0.06% of Materion worth $1,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in shares of Materion by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock worth $3,991,000 after acquiring an additional 91 shares in the last quarter. Dakota Wealth Management grew its holdings in Materion by 1.5% in the fourth quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock worth $1,079,000 after purchasing an additional 165 shares during the period. GAMMA Investing LLC increased 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 purchasing an additional 197 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Materion by 5.3% during the fourth 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, Bank of Montreal Can boosted its position in shares of Materion by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 4,831 shares of the basic materials company’s stock worth $524,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Stock Performance

Materion stock opened at $102.16 on Tuesday. The stock’s 50 day moving average is $105.36 and its 200 day moving average is $108.71. The company has a market capitalization of $2.12 billion, a P/E ratio of 28.78 and a beta of 1.24. Materion Co. has a twelve month low of $93.20 and a twelve month high of $145.08. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting the consensus estimate of $1.41. The firm had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. On average, equities research analysts predict that Materion Co. will post 5.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total value of $115,920.00. Following the completion of the transaction, the chief financial officer now owns 13,200 shares of the company’s stock, valued at approximately $1,530,144. The trade was a 7.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total transaction of $235,140.00. Following the transaction, the vice president now owns 12,031 shares in the company, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

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.