Dakota Wealth Management Increases Position in Materion Co. (NYSE:MTRN)

Dakota Wealth Management boosted its holdings in Materion Co. (NYSE:MTRN) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,910 shares of the basic materials company’s stock after purchasing an additional 165 shares during the period. Dakota Wealth Management’s holdings in Materion were worth $1,079,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after buying an additional 197 shares in the last quarter. Quest Partners LLC grew its holdings in 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 acquiring an additional 305 shares in the last quarter. ARK Investment Management LLC acquired a new position in Materion during the 3rd quarter worth $85,000. Algert Global LLC bought a new stake in shares of Materion in the 2nd quarter worth about $225,000. Finally, Deerfield Management Company L.P. Series C acquired a new stake in shares of Materion in the 2nd quarter valued at about $247,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Stock Down 0.0 %

NYSE:MTRN opened at $102.26 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 3.15. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 28.81 and a beta of 1.24. Materion Co. has a one year low of $93.20 and a one year high of $145.08. The stock has a 50-day simple moving average of $105.58 and a 200 day simple moving average of $108.72.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The business had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. During the same period in the previous year, the business earned $1.39 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts predict that Materion Co. will post 5.22 EPS for the current fiscal year.

Insider Transactions at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the transaction, the vice president now directly owns 12,031 shares in the company, valued at $1,414,484.67. This represents a 14.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $115.92, for a total value of $115,920.00. Following the completion of the sale, the chief financial officer now directly owns 13,200 shares in the company, valued at $1,530,144. This represents a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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.