Materion Co. (NYSE:MTRN) Stock Position Boosted by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC grew its stake in shares of Materion Co. (NYSE:MTRN) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,662 shares of the basic materials company’s stock after buying an additional 290 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Materion were worth $3,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 197 shares in the last quarter. Confluence Investment Management LLC increased its position in shares of Materion by 5.3% during the 4th quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 204 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Materion by 38.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock worth $6,867,000 after buying an additional 16,904 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of Materion by 9.6% in the third quarter. Synovus Financial Corp now owns 7,507 shares of the basic materials company’s stock valued at $840,000 after buying an additional 656 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Materion by 0.6% during the third quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company’s stock valued at $52,246,000 after buying an additional 2,953 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

Materion Price Performance

NYSE:MTRN opened at $100.97 on Monday. Materion Co. has a 52-week low of $93.20 and a 52-week high of $145.08. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.10 billion, a P/E ratio of 28.44 and a beta of 1.24. The business’s 50-day moving average price is $107.17 and its 200 day moving average price is $108.90.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. The business had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. As a group, sell-side analysts predict that Materion Co. will post 5.25 earnings per share for the current fiscal year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, November 14th. Materion’s dividend payout ratio is presently 15.21%.

Insider Buying and Selling

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the transaction, the vice president now owns 12,031 shares of the company’s stock, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,000 shares of Materion stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the transaction, the chief financial officer now owns 13,200 shares in the company, valued at approximately $1,530,144. The trade was 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.

Materion Company 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.