Granahan Investment Management LLC Has $12.50 Million Stake in Materion Co. (NYSE:MTRN)

Granahan Investment Management LLC reduced its position in shares of Materion Co. (NYSE:MTRN) by 7.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 126,367 shares of the basic materials company’s stock after selling 10,328 shares during the period. Granahan Investment Management LLC’s holdings in Materion were worth $12,495,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after buying an additional 197 shares during the period. Smartleaf Asset Management LLC grew its stake in Materion by 269.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 318 shares in the last quarter. KBC Group NV increased its holdings in shares of Materion by 54.5% in the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 311 shares during the period. US Bancorp DE lifted its position in shares of Materion by 30.3% in the fourth quarter. US Bancorp DE now owns 1,347 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 313 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Materion during the fourth quarter worth approximately $202,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $80.45, for a total transaction of $160,900.00. Following the transaction, the vice president now owns 13,376 shares in the company, valued at $1,076,099.20. This trade represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Materion Price Performance

MTRN opened at $75.27 on Friday. The stock has a fifty day moving average price of $81.47 and a 200 day moving average price of $96.43. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Materion Co. has a 1 year low of $69.10 and a 1 year high of $123.21. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 259.55 and a beta of 0.85.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. The business had revenue of $420.33 million during the quarter, compared to analysts’ expectations of $396.83 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 EPS. Analysts forecast that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 29th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, May 29th. This is a positive change from Materion’s previous quarterly dividend of $0.14. Materion’s payout ratio is presently 108.00%.

Wall Street Analysts Forecast Growth

Separately, KeyCorp reiterated a “sector weight” rating on shares of Materion in a research note on Wednesday.

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.