Mutual of America Capital Management LLC Purchases 5,179 Shares of Materion Co. (NYSE:MTRN)

Mutual of America Capital Management LLC boosted its position in Materion Co. (NYSE:MTRN) by 10.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 52,646 shares of the basic materials company’s stock after purchasing an additional 5,179 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Materion were worth $5,206,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Mountaineer Partners Management LLC grew its stake in shares of Materion by 9,463.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock worth $1,023,235,000 after acquiring an additional 9,051,813 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Materion by 12.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock worth $67,501,000 after purchasing an additional 64,470 shares during the last quarter. Intech Investment Management LLC grew its position in Materion by 435.3% in the third quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company’s stock valued at $4,007,000 after purchasing an additional 29,131 shares in the last quarter. Barclays PLC increased its stake in Materion by 356.9% in the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company’s stock valued at $3,902,000 after buying an additional 27,244 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position 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 buying an additional 18,836 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 14,632 shares of the company’s stock, valued at $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Materion Trading Down 1.9 %

Materion stock opened at $85.69 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26. The firm has a 50-day moving average of $98.60 and a 200-day moving average of $105.76. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 295.48 and a beta of 1.23. Materion Co. has a one year low of $84.46 and a one year high of $139.21.

Materion (NYSE:MTRN) last issued its quarterly 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. The firm had revenue of $436.90 million during the quarter, compared to analysts’ expectations of $433.22 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, equities analysts expect that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a dividend of $0.135 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a yield of 0.63%. 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.