Capital One National Association raised its stake in Materion Corp (NYSE:MTRN) by 37.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,913 shares of the basic materials company’s stock after buying an additional 3,802 shares during the quarter. Capital One National Association’s holdings in Materion were worth $676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. acquired a new position in Materion in the second quarter valued at about $280,000. State Street Corp lifted its position in shares of Materion by 4.2% during the second quarter. State Street Corp now owns 672,956 shares of the basic materials company’s stock worth $25,167,000 after purchasing an additional 26,973 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Materion during the third quarter worth about $441,000. BNP Paribas Arbitrage SA lifted its position in shares of Materion by 52.2% during the third quarter. BNP Paribas Arbitrage SA now owns 11,651 shares of the basic materials company’s stock worth $503,000 after purchasing an additional 3,994 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Materion by 65.9% during the third quarter. Algert Global LLC now owns 59,198 shares of the basic materials company’s stock worth $2,554,000 after purchasing an additional 23,512 shares in the last quarter. 90.16% of the stock is currently owned by institutional investors.

Shares of Materion Corp (MTRN) opened at $47.05 on Thursday. The stock has a market cap of $924.00, a PE ratio of 30.94 and a beta of 1.06. Materion Corp has a 1 year low of $31.05 and a 1 year high of $53.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. Materion’s dividend payout ratio is presently 30.77%.

In related news, Director Craig S. Shular sold 5,267 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $52.73, for a total transaction of $277,728.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard J. Hipple sold 4,364 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $49.64, for a total transaction of $216,628.96. Following the sale, the director now owns 37,760 shares in the company, valued at $1,874,406.40. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.

MTRN has been the topic of several research reports. 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 research report on Wednesday, December 27th. Jefferies Group reissued a “hold” rating and set a $46.00 price target on shares of Materion in a research report on Tuesday, January 9th. ValuEngine cut shares of Materion from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. KeyCorp reissued a “hold” rating on shares of Materion in a research report on Monday, November 13th. Finally, BidaskClub raised shares of Materion from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $51.00.

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Materion Company Profile

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.

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Institutional Ownership by Quarter for Materion (NYSE:MTRN)

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