Materion Co. (NYSE:MTRN) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its stake in Materion Co. (NYSE:MTRN) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,280 shares of the basic materials company’s stock after selling 927 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Materion worth $1,115,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in 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 in the last quarter. Quest Partners LLC increased its holdings in Materion by 118.7% in the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 305 shares in the last quarter. ARK Investment Management LLC acquired a new stake in Materion in the 3rd quarter valued at $85,000. KBC Group NV increased its holdings in Materion by 54.5% in the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 311 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Materion in the 4th quarter valued at $202,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Stock Up 1.1 %

Shares of NYSE MTRN opened at $91.34 on Monday. Materion Co. has a 12-month low of $89.56 and a 12-month high of $139.21. The company has a market cap of $1.90 billion, a P/E ratio of 314.97 and a beta of 1.23. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $98.86 and a 200 day moving average price of $105.95.

Materion (NYSE:MTRN) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.12. The company had revenue of $436.90 million during the quarter, compared to the consensus estimate of $433.22 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $1.41 earnings per share. Research analysts anticipate that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.54 annualized dividend and a dividend yield of 0.59%. Materion’s dividend payout ratio is presently 186.21%.

Insider Activity

In other news, CFO Shelly Marie Chadwick sold 805 shares of the firm’s stock in a transaction dated 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 $1,481,343.68. This trade represents a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.