Materion Co. (NYSE:MTRN) Shares Purchased by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC raised its stake in shares of Materion Co. (NYSE:MTRN) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,662 shares of the basic materials company’s stock after acquiring an additional 290 shares during the quarter. Gilman Hill Asset Management LLC owned approximately 0.16% of Materion worth $3,329,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC lifted its position in shares of Materion by 9,463.5% during the third quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock worth $1,023,235,000 after purchasing an additional 9,051,813 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Materion by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,213,367 shares of the basic materials company’s stock valued at $131,201,000 after buying an additional 12,454 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings 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 worth $67,501,000 after buying an additional 64,470 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Materion by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company’s stock worth $52,246,000 after acquiring an additional 2,953 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Materion by 31.3% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 444,003 shares of the basic materials company’s stock valued at $48,010,000 after acquiring an additional 105,969 shares during the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were 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 in the company, valued at approximately $1,530,144. This represents a 7.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s 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 completion of the sale, the vice president now owns 12,031 shares in the company, valued at $1,414,484.67. The trade was a 14.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Materion Stock Performance

Shares of MTRN opened at $100.97 on Monday. The stock has a market capitalization of $2.10 billion, a PE ratio of 28.44 and a beta of 1.24. The business’s fifty day moving average price is $107.17 and its 200 day moving average price is $108.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. Materion Co. has a 12-month low of $93.20 and a 12-month high of $145.08.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The company had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. During the same period last year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities research analysts forecast that Materion Co. will post 5.25 EPS for the current year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Thursday, November 14th. Materion’s payout ratio is 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.