Materion Co. (NYSE:MTRN) Shares Bought by Dakota Wealth Management

Dakota Wealth Management increased its position in Materion Co. (NYSE:MTRN) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,910 shares of the basic materials company’s stock after buying an additional 165 shares during the period. Dakota Wealth Management owned about 0.05% of Materion worth $1,079,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. raised its holdings in Materion by 14.3% in the 2nd quarter. American Century Companies Inc. now owns 34,068 shares of the basic materials company’s stock valued at $3,684,000 after acquiring an additional 4,274 shares during the last quarter. Renaissance Technologies LLC increased its stake in Materion by 164.0% in the second quarter. Renaissance Technologies LLC now owns 35,900 shares of the basic materials company’s stock valued at $3,882,000 after purchasing an additional 22,300 shares during the last quarter. Sei Investments Co. lifted its position in Materion by 15.9% during the second quarter. Sei Investments Co. now owns 36,972 shares of the basic materials company’s stock worth $3,998,000 after buying an additional 5,074 shares during the period. Public Sector Pension Investment Board boosted its stake in Materion by 7.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 45,574 shares of the basic materials company’s stock worth $4,928,000 after buying an additional 3,256 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Materion by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 4,831 shares of the basic materials company’s stock valued at $524,000 after buying an additional 281 shares during the period. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling

In related news, CFO Shelly Marie Chadwick sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $115.92, for a total value of $115,920.00. Following the transaction, the chief financial officer now owns 13,200 shares in the company, valued at approximately $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total transaction of $235,140.00. Following the transaction, the vice president now directly owns 12,031 shares in the company, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Materion Trading Down 0.0 %

NYSE MTRN opened at $102.26 on Friday. The company has a market cap of $2.12 billion, a P/E ratio of 28.81 and a beta of 1.24. Materion Co. has a 12 month low of $93.20 and a 12 month high of $145.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. The company has a 50-day moving average of $105.58 and a 200-day moving average of $108.72.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. The firm had revenue of $436.70 million during the quarter, compared to analyst estimates of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. Materion’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 earnings per share. As a group, equities analysts predict that Materion Co. will post 5.22 earnings per share for the current year.

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.