1 week Ago By Defense World Staff
Norges Bank bought a new stake in Materion Co. (NYSE:MTRN – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 50,943 shares of the basic materials company’s stock, valued at approximately $5,037,000.
Norges Bank owned 0.25% of Materion as of its most recent filing with the SEC. Other hedge funds have also bought and sold shares of the company.
FMR LLC lifted its holdings in Materion by 23.8% during the 3rd quarter. FMR LLC now owns 15,027 shares of the basic materials company’s stock valued at $1,681,000 after purchasing an additional 2,891 shares during the last quarter.
Captrust Financial Advisors acquired a new stake in shares of Materion during the 3rd quarter worth about $286,000. Verition Fund Management LLC bought a new stake in shares of Materion during the 3rd quarter worth about $454,000. Centiva Capital LP acquired a new position in Materion in the 3rd quarter valued at about $259,000.
Finally, HighTower Advisors LLC raised its holdings in Materion by 2.1% in the 3rd quarter. HighTower Advisors LLC now owns 49,395 shares of the basic materials company’s stock valued at $5,454,000 after acquiring an additional 1,017 shares during the period.
93.56% of the stock is currently owned by institutional investors and hedge funds. Materion Trading Up 9.
5 %Shares of NYSE:MTRN opened at $79.01 on Thursday. The company has a market capitalization of $1.
64 billion, a P/E ratio of 272.45 and a beta of 1.15.
Materion Co. has a 1 year low of $69.10 and a 1 year high of $129.
60. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.
19 and a quick ratio of 1.26. The business’s 50 day simple moving average is $88.
94 and its 200 day simple moving average is $100.42. Materion (NYSE:MTRN – Get Free Report) last posted its earnings results on Wednesday, February 19th.
The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.43 by $0.
12. Materion had a net margin of 0.35% and a return on equity of 12.
42%. The business had revenue of $436.90 million for the quarter, compared to the consensus estimate of $433.
22 million. During the same period last year, the company earned $1.41 EPS.
The firm’s revenue was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that Materion Co.
will post 5.5 EPS for the current fiscal year. Materion Dividend AnnouncementThe business also recently declared a quarterly dividend, which was paid on Friday, March 7th.
Stockholders of record on Thursday, February 20th were given a $0.135 dividend. This represents a $0.
54 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 20th.
Materion’s dividend payout ratio (DPR) is presently 186.21%. Insider ActivityIn other news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 14,632 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.
30% of the company’s stock. About Materion (Free Report)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.
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