1,500 Shares in Materion Co. (NYSE:MTRN) Acquired by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. acquired a new position in Materion Co. (NYSE:MTRN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,500 shares of the basic materials company’s stock, valued at approximately $195,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Materion by 18.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,060 shares of the basic materials company’s stock worth $658,000 after buying an additional 795 shares during the last quarter. Strs Ohio lifted its holdings in Materion by 100.0% during the fourth quarter. Strs Ohio now owns 4,000 shares of the basic materials company’s stock valued at $520,000 after purchasing an additional 2,000 shares in the last quarter. Phocas Financial Corp. lifted its holdings in Materion by 2.0% during the fourth quarter. Phocas Financial Corp. now owns 121,264 shares of the basic materials company’s stock valued at $15,780,000 after purchasing an additional 2,332 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Materion during the fourth quarter valued at approximately $1,340,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Materion by 67.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,026 shares of the basic materials company’s stock valued at $4,037,000 after purchasing an additional 12,470 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling at Materion

In other news, VP Gregory R. Chemnitz sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total value of $401,220.00. Following the transaction, the vice president now directly owns 14,510 shares in the company, valued at $1,940,567.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Gregory R. Chemnitz sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total value of $401,220.00. Following the transaction, the vice president now directly owns 14,510 shares in the company, valued at $1,940,567.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total transaction of $265,200.00. Following the completion of the sale, the chief financial officer now directly owns 13,147 shares of the company’s stock, valued at $1,743,292.20. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Separately, KeyCorp lowered their price target on shares of Materion from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, April 1st.

Materion Price Performance

MTRN traded down $0.27 during trading hours on Friday, hitting $119.48. The company’s stock had a trading volume of 85,846 shares, compared to its average volume of 110,593. The business’s 50-day moving average price is $129.80 and its 200-day moving average price is $119.20. Materion Co. has a 12 month low of $92.23 and a 12 month high of $145.08. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 26.09 and a beta of 1.14. The company has a current ratio of 2.78, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. Materion had a net margin of 5.75% and a return on equity of 13.49%. The business had revenue of $421.00 million for the quarter, compared to analysts’ expectations of $420.50 million. During the same quarter in the previous year, the business posted $1.49 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. Sell-side analysts expect that Materion Co. will post 6.03 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Wednesday, February 21st. Materion’s dividend payout ratio (DPR) is 11.35%.

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.