1 day Ago By ABMN Staff
Trexquant Investment LP bought a new stake in shares of Materion Co. ( NYSE:MTRN – Free Report ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,018 shares of the basic materials company’s stock, valued at approximately $298,000.
A number of other hedge funds have also recently modified their holdings of MTRN. JPMorgan Chase & Co. boosted its stake in Materion by 38.
0% during the third quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock worth $6,867,000 after acquiring an additional 16,904 shares in the last quarter.
GAMMA Investing LLC boosted its position in shares of Materion by 307.8% in 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 in the last quarter.
KLP Kapitalforvaltning AS purchased a new stake in shares of Materion in the 4th quarter worth approximately $415,000. Raymond James Financial Inc. bought a new position in Materion during the 4th quarter valued at approximately $10,399,000.
Finally, Choreo LLC purchased a new position in Materion during the fourth quarter valued at $315,000. Institutional investors own 93.56% of the company’s stock.
Insiders Place Their Bets In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $101.24, for a total transaction of $81,498.
20. Following the transaction, the chief financial officer now owns 14,632 shares in the company, valued at approximately $1,481,343.68.
This represents a 5.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Corporate insiders own 2.30% of the company’s stock. Materion Trading Up 1.
6 % Materion ( NYSE:MTRN – Get Free Report ) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
43 by $0.12. The business had revenue of $436.
90 million during the quarter, compared to analyst estimates of $433.22 million. Materion had a net margin of 0.
35% and a return on equity of 12.42%. Materion’s revenue was up 3.
8% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS.
As a group, equities analysts forecast 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 was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.135 per share.
The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 annualized dividend and a yield of 0.
69%. Materion’s dividend payout ratio is 186.21%.
Materion Profile ( 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. Read More Want to see what other hedge funds are holding MTRN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Materion Co. ( NYSE:MTRN – Free Report ). Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.
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