Robecosam AG increased its holdings in Materion Corp (NYSE:MTRN) by 8.2% in the 4th quarter, HoldingsChannel reports. The fund owned 159,000 shares of the basic materials company’s stock after buying an additional 12,000 shares during the quarter. Robecosam AG’s holdings in Materion were worth $7,783,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. State Street Corp increased its stake in Materion by 4.2% during the 2nd quarter. State Street Corp now owns 672,956 shares of the basic materials company’s stock valued at $25,167,000 after purchasing an additional 26,973 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Materion by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,496 shares of the basic materials company’s stock valued at $580,000 after purchasing an additional 58 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Materion during the 3rd quarter valued at about $266,000. BNP Paribas Arbitrage SA increased its stake in Materion by 52.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,651 shares of the basic materials company’s stock valued at $503,000 after purchasing an additional 3,994 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in Materion by 39.3% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 9,920 shares of the basic materials company’s stock valued at $428,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors own 91.96% of the company’s stock.
Shares of Materion Corp (NYSE MTRN) opened at $53.25 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 3.23. The stock has a market cap of $1,080.23, a PE ratio of 95.09 and a beta of 1.01. Materion Corp has a 1-year low of $31.05 and a 1-year high of $54.30.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Investors of record on Wednesday, February 21st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Tuesday, February 20th. Materion’s payout ratio is 71.43%.
In related news, VP Joseph P. Kelley sold 2,419 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $51.43, for a total value of $124,409.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph P. Keithley sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $50.60, for a total transaction of $404,800.00. Following the completion of the transaction, the director now directly owns 11,757 shares in the company, valued at approximately $594,904.20. The disclosure for this sale can be found here. In the last three months, insiders sold 15,686 shares of company stock worth $806,938. 2.90% of the stock is currently owned by insiders.
A number of analysts have recently issued reports on MTRN shares. Zacks Investment Research raised shares of Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a report on Wednesday, December 27th. Jefferies Group reaffirmed a “hold” rating and set a $46.00 price target on shares of Materion in a report on Tuesday, January 9th. ValuEngine raised shares of Materion from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. KeyCorp reaffirmed a “hold” rating on shares of Materion in a report on Monday, November 13th. Finally, TheStreet downgraded shares of Materion from a “b” rating to a “c+” rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.00.
COPYRIGHT VIOLATION NOTICE: “Robecosam AG Raises Position in Materion Corp (MTRN)” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3259693/robecosam-ag-raises-position-in-materion-corp-mtrn.html.
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
Want to see what other hedge funds are holding MTRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Materion Corp (NYSE:MTRN).
Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.com's FREE daily email newsletter.