Segall Bryant & Hamill LLC Has $23.86 Million Stake in Materion Co. (NYSE:MTRN)

Segall Bryant & Hamill LLC increased its position in Materion Co. (NYSE:MTRN) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 241,310 shares of the basic materials company’s stock after buying an additional 20,224 shares during the period. Segall Bryant & Hamill LLC owned 1.16% of Materion worth $23,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 197 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Materion by 269.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 436 shares of the basic materials company’s stock valued at $43,000 after buying an additional 318 shares in the last quarter. Quest Partners LLC lifted its position in shares of Materion by 118.7% in the third quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock worth $63,000 after buying an additional 305 shares during the last quarter. KBC Group NV boosted its stake in shares of Materion by 54.5% during the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock worth $87,000 after acquiring an additional 311 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Materion by 30.3% during the 4th quarter. US Bancorp DE now owns 1,347 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 313 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling

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

Materion Stock Up 2.4 %

MTRN opened at $87.65 on Tuesday. The firm has a market cap of $1.82 billion, a P/E ratio of 302.23 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. The business has a 50 day moving average price of $95.04 and a 200 day moving average price of $102.89. Materion Co. has a twelve month low of $80.21 and a twelve month high of $139.21.

Materion (NYSE:MTRN) last posted 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 business had revenue of $436.90 million during the quarter, compared to the consensus estimate of $433.22 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. Materion’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 EPS. Research analysts forecast that Materion Co. will post 5.5 EPS for the current year.

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were paid a $0.135 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.62%. Materion’s payout ratio is presently 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.