PNC Financial Services Group Inc. Has $366,000 Position in Materion Co. (NYSE:MTRN)

PNC Financial Services Group Inc. decreased its holdings in shares of Materion Co. (NYSE:MTRN) by 11.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,704 shares of the basic materials company’s stock after selling 479 shares during the period. PNC Financial Services Group Inc.’s holdings in Materion were worth $366,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MTRN. GSA Capital Partners LLP acquired a new stake in shares of Materion in the 3rd quarter worth about $318,000. Natixis Advisors LLC increased its holdings in Materion by 18.5% during the 3rd quarter. Natixis Advisors LLC now owns 120,813 shares of the basic materials company’s stock worth $13,514,000 after purchasing an additional 18,836 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Materion by 69.6% in the third quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company’s stock worth $5,310,000 after purchasing an additional 19,483 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Materion by 118.7% in the third quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 305 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its position in shares of Materion by 20.3% during the third quarter. Pathstone Holdings LLC now owns 17,192 shares of the basic materials company’s stock valued at $1,923,000 after buying an additional 2,896 shares during the last quarter. 93.56% of the stock is owned by institutional investors.

Insider Activity at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $101.24, for a total transaction of $81,498.20. Following the completion of the transaction, the chief financial officer now owns 14,632 shares in the company, valued at approximately $1,481,343.68. This represents a 5.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by company insiders.

Materion Trading Down 0.8 %

NYSE MTRN opened at $85.26 on Friday. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $95.40 and a 200 day simple moving average of $103.29. Materion Co. has a 12 month low of $80.21 and a 12 month high of $139.21. The firm has a market capitalization of $1.77 billion, a P/E ratio of 293.98 and a beta of 1.20.

Materion (NYSE:MTRN) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.43 by $0.12. Materion had a net margin of 0.35% and a return on equity of 12.42%. 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 prior year, the company posted $1.41 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Thursday, February 20th. Materion’s dividend payout ratio 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.