LGT Group Foundation Trims Stake in Materion Co. (NYSE:MTRN)

LGT Group Foundation lowered its stake in Materion Co. (NYSE:MTRN) by 82.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,400 shares of the basic materials company’s stock after selling 20,800 shares during the period. LGT Group Foundation’s holdings in Materion were worth $435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 197 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Materion by 269.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 318 shares during the period. Quest Partners LLC lifted its stake in shares of Materion by 118.7% during the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 305 shares during the period. ARK Investment Management LLC purchased a new position in shares of Materion during the 3rd quarter worth $85,000. Finally, KBC Group NV lifted its stake in shares of Materion by 54.5% during the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 311 shares during the period. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Trading Down 4.3 %

Shares of Materion stock opened at $87.39 on Tuesday. Materion Co. has a fifty-two week low of $87.22 and a fifty-two week high of $139.21. The firm has a market cap of $1.81 billion, a PE ratio of 301.34 and a beta of 1.23. The business’s fifty day moving average is $98.86 and its two-hundred day moving average is $105.95. The company has a quick ratio of 1.26, a current ratio of 3.19 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. Materion had a return on equity of 12.42% and a net margin of 0.35%. The company had revenue of $436.90 million for the quarter, compared to analyst estimates of $433.22 million. During the same quarter in the prior year, the company posted $1.41 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts anticipate that Materion Co. will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, February 20th. Materion’s dividend payout ratio (DPR) is currently 186.21%.

Insider Buying and Selling

In related news, CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the transaction, the chief financial officer now directly owns 14,632 shares of the company’s stock, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Materion Company 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.