Natixis Advisors LLC Sells 4,078 Shares of Materion Co. (NYSE:MTRN)

Natixis Advisors LLC lessened its holdings in shares of Materion Co. (NYSE:MTRN) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,735 shares of the basic materials company’s stock after selling 4,078 shares during the quarter. Natixis Advisors LLC’s holdings in Materion were worth $11,543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp lifted its position in Materion by 0.3% during the third quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock valued at $3,991,000 after purchasing an additional 91 shares during the last quarter. Dakota Wealth Management lifted its holdings in shares of Materion by 1.5% during the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock worth $1,079,000 after acquiring an additional 165 shares during the last quarter. Aurora Investment Counsel lifted its holdings in shares of Materion by 2.8% during the 4th quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company’s stock worth $643,000 after acquiring an additional 180 shares during the last quarter. GAMMA Investing LLC grew its position in Materion by 307.8% in the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 197 shares in the last quarter. Finally, Confluence Investment Management LLC increased its stake in Materion by 5.3% in the fourth quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock valued at $399,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Trading Down 2.2 %

Shares of MTRN stock opened at $85.82 on Thursday. The business has a 50-day moving average price of $95.63 and a two-hundred day moving average price of $103.42. Materion Co. has a 12-month low of $80.21 and a 12-month high of $139.21. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.78 billion, a P/E ratio of 295.91 and a beta of 1.20.

Materion (NYSE:MTRN) last released its 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 during the quarter, compared to the consensus estimate of $433.22 million. During the same quarter in the previous year, the company posted $1.41 EPS. Materion’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate 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. Investors of record on Thursday, February 20th were 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 of this dividend was Thursday, February 20th. Materion’s dividend payout ratio is currently 186.21%.

Insider Buying and Selling

In related news, CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction of $81,498.20. Following the completion of the sale, the chief financial officer now directly owns 14,632 shares in the company, valued at $1,481,343.68. This represents a 5.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by corporate insiders.

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.