Kingswood Wealth Advisors LLC Sells 300 Shares of Materion Co. (NYSE:MTRN)

Kingswood Wealth Advisors LLC cut its stake in shares of Materion Co. (NYSE:MTRN) by 2.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,368 shares of the basic materials company’s stock after selling 300 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Materion were worth $1,322,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Inspire Investing LLC lifted its stake in shares of Materion by 9.3% during the 4th quarter. Inspire Investing LLC now owns 4,049 shares of the basic materials company’s stock valued at $400,000 after buying an additional 346 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in Materion during the 4th quarter valued at approximately $396,000. Janney Montgomery Scott LLC lifted its holdings in Materion by 10.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,878 shares of the basic materials company’s stock worth $878,000 after purchasing an additional 828 shares in the last quarter. Dakota Wealth Management boosted its stake in Materion by 1.5% in the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock worth $1,079,000 after purchasing an additional 165 shares during the period. Finally, Gilman Hill Asset Management LLC grew its holdings in Materion by 0.9% during the 4th quarter. Gilman Hill Asset Management LLC now owns 33,662 shares of the basic materials company’s stock valued at $3,329,000 after buying an additional 290 shares in the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the company’s 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 transaction, the chief financial officer now owns 13,200 shares of the company’s stock, valued at $1,530,144. This represents a 7.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total value of $235,140.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Materion Price Performance

MTRN stock opened at $102.16 on Tuesday. 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’s fifty day moving average price is $105.36 and its 200-day moving average price is $108.71. Materion Co. has a one year low of $93.20 and a one year high of $145.08. The company has a market capitalization of $2.12 billion, a PE ratio of 28.78 and a beta of 1.24.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. The business had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. On average, equities analysts anticipate that Materion Co. will post 5.22 EPS for the current fiscal year.

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.