Materion Co. (NYSE:MTRN) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Materion Co. (NYSE:MTRN) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 204,624 shares of the basic materials company’s stock after purchasing an additional 11,201 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Materion were worth $20,233,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Investment Advisors Inc. increased its position in Materion by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company’s stock worth $213,000 after buying an additional 137 shares during the period. Synovus Financial Corp grew its position in shares of Materion by 1.8% during the fourth quarter. Synovus Financial Corp now owns 7,645 shares of the basic materials company’s stock worth $756,000 after acquiring an additional 138 shares during the last quarter. Dakota Wealth Management increased its holdings in shares of Materion by 1.5% in the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock valued at $1,079,000 after acquiring an additional 165 shares during the period. Aurora Investment Counsel raised its position in Materion by 2.8% in the 4th quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company’s stock valued at $643,000 after purchasing an additional 180 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Materion by 0.5% during the fourth quarter. Stifel Financial Corp now owns 35,873 shares of the basic materials company’s stock worth $3,547,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Price Performance

Shares of NYSE MTRN opened at $77.85 on Thursday. The company has a market cap of $1.62 billion, a PE ratio of 268.45 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26. Materion Co. has a 1-year low of $69.10 and a 1-year high of $123.21. The stock has a fifty day moving average price of $80.80 and a 200 day moving average price of $95.89.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The business had revenue of $420.33 million for the quarter, compared to analyst estimates of $396.83 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 earnings per share. Sell-side analysts forecast that Materion Co. will post 5.5 EPS for the current year.

Materion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.14 per share. This is a boost from Materion’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 29th. This represents a $0.56 annualized dividend and a yield of 0.72%. Materion’s payout ratio is presently 112.00%.

Analysts Set New Price Targets

Separately, KeyCorp restated a “sector weight” rating on shares of Materion in a research report on Wednesday, May 7th.

Insider Transactions at Materion

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $80.45, for a total transaction of $160,900.00. Following the sale, the vice president now directly owns 13,376 shares in the company, valued at approximately $1,076,099.20. The trade was a 13.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.60% 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.