Phocas Financial Corp. Sells 64,926 Shares of Materion Co. (NYSE:MTRN)

Phocas Financial Corp. reduced its position in shares of Materion Co. (NYSE:MTRN) by 85.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,461 shares of the basic materials company’s stock after selling 64,926 shares during the quarter. Phocas Financial Corp. owned about 0.06% of Materion worth $1,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTRN. Handelsbanken Fonder AB raised its holdings in shares of Materion by 21.6% in the 4th quarter. Handelsbanken Fonder AB now owns 5,066 shares of the basic materials company’s stock worth $501,000 after acquiring an additional 900 shares during the last quarter. CIBC Asset Management Inc bought a new position in Materion during the 4th quarter valued at $202,000. Principal Financial Group Inc. lifted its position in shares of Materion by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 101,203 shares of the basic materials company’s stock worth $10,007,000 after buying an additional 2,957 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Materion by 4.4% during the 4th quarter. Rhumbline Advisers now owns 65,599 shares of the basic materials company’s stock worth $6,486,000 after purchasing an additional 2,761 shares during the period. Finally, Consolidated Planning Corp boosted its holdings in Materion by 65.4% in the 4th quarter. Consolidated Planning Corp now owns 4,451 shares of the basic materials company’s stock worth $440,000 after buying an additional 1,760 shares during the period. Institutional investors own 93.56% of the company’s stock.

Insider Transactions at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction of $81,498.20. Following the sale, the chief financial officer now directly owns 14,632 shares in the company, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

Materion Stock Down 0.8 %

Shares of NYSE MTRN opened at $92.31 on Wednesday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 318.32 and a beta of 1.23. Materion Co. has a one year low of $91.76 and a one year high of $139.21. The firm’s 50 day simple moving average is $99.36 and its two-hundred day simple moving average is $106.36. 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 (NYSE:MTRN) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.12. Materion had a return on equity of 12.42% and a net margin of 0.35%. The firm had revenue of $436.90 million during the quarter, compared to analyst estimates of $433.22 million. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts expect that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Thursday, February 20th. Materion’s payout ratio is 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.