Mutual of America Capital Management LLC Acquires 5,179 Shares of Materion Co. (NYSE:MTRN)

Mutual of America Capital Management LLC lifted its holdings in shares of Materion Co. (NYSE:MTRN) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,646 shares of the basic materials company’s stock after buying an additional 5,179 shares during the quarter. Mutual of America Capital Management LLC owned about 0.25% of Materion worth $5,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mountaineer Partners Management LLC lifted its stake in Materion by 9,463.5% in the third quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock valued at $1,023,235,000 after buying an additional 9,051,813 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Materion by 12.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock valued at $67,501,000 after acquiring an additional 64,470 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Materion by 435.3% in the 3rd quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company’s stock valued at $4,007,000 after acquiring an additional 29,131 shares during the period. Barclays PLC boosted its stake in Materion by 356.9% during the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company’s stock worth $3,902,000 after acquiring an additional 27,244 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in Materion by 18.5% during the third quarter. Natixis Advisors LLC now owns 120,813 shares of the basic materials company’s stock valued at $13,514,000 after purchasing an additional 18,836 shares during the period. 93.56% of the stock is owned by institutional investors.

Insider Activity

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total transaction 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 SEC, which is accessible through this link. 2.30% of the stock is currently owned by company insiders.

Materion Stock Down 1.9 %

Shares of NYSE:MTRN opened at $85.69 on Wednesday. The company has a 50 day moving average price of $98.60 and a two-hundred day moving average price of $105.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. The company has a market capitalization of $1.78 billion, a PE ratio of 295.48 and a beta of 1.23. Materion Co. has a 52 week low of $84.46 and a 52 week high of $139.21.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 EPS 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 analysts’ expectations of $433.22 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. Analysts forecast that Materion Co. will post 5.5 earnings per share for the current year.

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Thursday, February 20th. Materion’s dividend payout ratio (DPR) is presently 186.21%.

Materion 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.