Barclays PLC Boosts Stock Position in Materion Co. (NYSE:MTRN)

Barclays PLC boosted its holdings in shares of Materion Co. (NYSE:MTRN) by 356.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,877 shares of the basic materials company’s stock after purchasing an additional 27,244 shares during the quarter. Barclays PLC owned about 0.17% of Materion worth $3,902,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MTRN. Quest Partners LLC raised its position in shares of Materion by 25,600.0% during the 2nd quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock valued at $28,000 after buying an additional 256 shares in the last quarter. ARK Investment Management LLC purchased a new stake in Materion during the third quarter valued at approximately $85,000. Algert Global LLC bought a new stake in shares of Materion in the 2nd quarter valued at approximately $225,000. Deerfield Management Company L.P. Series C purchased a new position in shares of Materion in the 2nd quarter worth approximately $247,000. Finally, Centiva Capital LP bought a new position in shares of Materion during the 3rd quarter valued at approximately $259,000. Institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the transaction, the vice president now owns 12,031 shares of the company’s stock, valued at $1,414,484.67. This trade represents a 14.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the firm’s 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 directly owns 13,200 shares in the company, valued at approximately $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Materion Stock Down 0.5 %

Shares of MTRN opened at $99.54 on Monday. 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 business has a fifty day moving average of $110.62 and a 200 day moving average of $110.19. The company has a market cap of $2.07 billion, a PE ratio of 28.04 and a beta of 1.21. Materion Co. has a 52-week low of $96.18 and a 52-week high of $145.08.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm had revenue of $436.70 million during the quarter, compared to analyst estimates of $416.40 million. During the same quarter last year, the business earned $1.39 EPS. The business’s revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts expect that Materion Co. will post 5.24 EPS for the current year.

Materion Announces Dividend

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

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.