Materion Co. (NYSE:MTRN) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its holdings in Materion Co. (NYSE:MTRN) by 5.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 164,360 shares of the basic materials company’s stock after buying an additional 7,782 shares during the period. Fisher Asset Management LLC’s holdings in Materion were worth $16,252,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Mountaineer Partners Management LLC boosted its stake in Materion by 9,463.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock valued at $1,023,235,000 after purchasing an additional 9,051,813 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Materion by 12.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock valued at $67,501,000 after purchasing an additional 64,470 shares during the period. Intech Investment Management LLC boosted its stake in Materion by 435.3% during the 3rd quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company’s stock valued at $4,007,000 after purchasing an additional 29,131 shares during the period. Barclays PLC boosted its stake in Materion by 356.9% during the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company’s stock valued at $3,902,000 after purchasing an additional 27,244 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in Materion by 69.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company’s stock valued at $5,310,000 after purchasing an additional 19,483 shares during the period. 93.56% of the stock is owned by institutional investors and hedge funds.

Materion Trading Down 4.3 %

Shares of NYSE:MTRN opened at $87.39 on Tuesday. The company has a 50 day moving average of $98.86 and a 200-day moving average of $105.95. The firm has a market cap of $1.81 billion, a P/E ratio of 301.34 and a beta of 1.23. Materion Co. has a twelve month low of $87.22 and a twelve month high of $139.21. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Thursday, February 20th. Materion’s dividend payout ratio is currently 186.21%.

Insider Transactions at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the sale, the chief financial officer now directly owns 14,632 shares in the company, valued at $1,481,343.68. The trade was a 5.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.