EntryPoint Capital LLC Purchases Shares of 2,254 Materion Co. (NYSE:MTRN)

EntryPoint Capital LLC acquired a new position in shares of Materion Co. (NYSE:MTRN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,254 shares of the basic materials company’s stock, valued at approximately $223,000.

Several other large investors have also made changes to their positions in MTRN. Segall Bryant & Hamill LLC raised its stake in Materion by 9.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 241,310 shares of the basic materials company’s stock valued at $23,861,000 after purchasing an additional 20,224 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Materion by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,141 shares of the basic materials company’s stock valued at $249,488,000 after buying an additional 25,888 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Materion by 6.9% in the fourth quarter. LPL Financial LLC now owns 3,740 shares of the basic materials company’s stock valued at $370,000 after buying an additional 241 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Materion during the fourth quarter worth about $415,000. Finally, Sei Investments Co. increased its stake in Materion by 8.2% during the fourth quarter. Sei Investments Co. now owns 44,367 shares of the basic materials company’s stock valued at $4,387,000 after acquiring an additional 3,347 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insider Buying and Selling 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 completion of the transaction, the chief financial officer now directly owns 14,632 shares in the company, valued at $1,481,343.68. This represents a 5.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.30% of the company’s stock.

Materion Price Performance

Shares of MTRN stock opened at $83.46 on Friday. The company has a market capitalization of $1.73 billion, a P/E ratio of 287.79 and a beta of 1.20. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Materion Co. has a 12 month low of $80.21 and a 12 month high of $131.97. The stock has a 50 day moving average of $93.94 and a two-hundred day moving average of $102.43.

Materion (NYSE:MTRN) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $433.22 million. During the same period last year, the business earned $1.41 earnings per share. Materion’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that Materion Co. will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Thursday, February 20th. Materion’s dividend 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.