Whittier Trust Co. Grows Stock Position in Materion Co. (NYSE:MTRN)

Whittier Trust Co. lifted its stake in shares of Materion Co. (NYSE:MTRN) by 463.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,818 shares of the basic materials company’s stock after purchasing an additional 2,318 shares during the quarter. Whittier Trust Co.’s holdings in Materion were worth $279,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Aurora Investment Counsel raised its stake in shares of Materion by 2.8% during the fourth quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company’s stock worth $643,000 after purchasing an additional 180 shares during the last quarter. Swiss National Bank raised its position in Materion by 0.7% in the fourth quarter. Swiss National Bank now owns 40,800 shares of the basic materials company’s stock worth $4,034,000 after acquiring an additional 300 shares in the last quarter. HighTower Advisors LLC raised its position in Materion by 3.3% in the fourth quarter. HighTower Advisors LLC now owns 51,040 shares of the basic materials company’s stock worth $5,047,000 after acquiring an additional 1,645 shares in the last quarter. Chatham Capital Group Inc. raised its position in Materion by 47.1% in the fourth quarter. Chatham Capital Group Inc. now owns 29,021 shares of the basic materials company’s stock worth $2,870,000 after acquiring an additional 9,286 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Materion in the fourth quarter worth $10,399,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Activity

In other news, CFO Shelly Marie Chadwick sold 805 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the completion of the transaction, the chief financial officer now owns 14,632 shares in the company, valued at $1,481,343.68. This trade represents a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Materion Trading Up 0.3 %

NYSE:MTRN opened at $85.59 on Monday. The stock has a fifty day moving average price of $95.23 and a two-hundred day moving average price of $103.03. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 295.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. Materion Co. has a 1 year low of $80.21 and a 1 year high of $139.21.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping 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%. Materion’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 earnings per share. As a group, sell-side analysts anticipate that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Thursday, February 20th. Materion’s dividend payout ratio is currently 186.21%.

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.