Materion Co. (NYSE:MTRN) Stock Position Reduced by Granahan Investment Management LLC

Granahan Investment Management LLC trimmed its position in Materion Co. (NYSE:MTRN) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,367 shares of the basic materials company’s stock after selling 10,328 shares during the quarter. Granahan Investment Management LLC owned approximately 0.61% of Materion worth $12,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Materion by 38.0% during the third quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock valued at $6,867,000 after purchasing an additional 16,904 shares during the last quarter. GAMMA Investing LLC boosted its position in Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 197 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Materion in the fourth quarter worth $415,000. Raymond James Financial Inc. acquired a new stake in Materion in the fourth quarter worth $10,399,000. Finally, Choreo LLC bought a new stake in Materion in the fourth quarter valued at $315,000. 93.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Materion

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $80.45, for a total transaction of $160,900.00. Following the completion of the transaction, the vice president now directly owns 13,376 shares of the company’s stock, valued at approximately $1,076,099.20. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, KeyCorp restated a “sector weight” rating on shares of Materion in a research report on Wednesday.

Materion Stock Performance

MTRN opened at $75.27 on Friday. Materion Co. has a twelve month low of $69.10 and a twelve month high of $123.21. The stock has a market cap of $1.57 billion, a PE ratio of 259.55 and a beta of 0.85. The business’s 50 day moving average is $81.47 and its 200-day moving average is $96.43. 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 (NYSE:MTRN) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The company had revenue of $420.33 million during the quarter, compared to analyst estimates of $396.83 million. Materion had a return on equity of 12.42% and a net margin of 0.35%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. On average, analysts predict that Materion Co. will post 5.5 earnings per share for the current year.

Materion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 29th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This is a boost from Materion’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. Materion’s dividend payout ratio (DPR) is 108.00%.

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.