Yousif Capital Management LLC Grows Stock Position in Materion Co. (NYSE:MTRN)

Yousif Capital Management LLC lifted its stake in Materion Co. (NYSE:MTRN) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,754 shares of the basic materials company’s stock after buying an additional 533 shares during the quarter. Yousif Capital Management LLC owned approximately 0.05% of Materion worth $1,399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTRN. Vanguard Group Inc. boosted its position in Materion by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,531,802 shares of the basic materials company’s stock worth $258,016,000 after purchasing an additional 35,888 shares in the last quarter. Trigran Investments Inc. boosted its holdings in Materion by 14.6% during the third quarter. Trigran Investments Inc. now owns 675,294 shares of the basic materials company’s stock worth $68,819,000 after buying an additional 86,134 shares in the last quarter. Northern Trust Corp grew its position in Materion by 1.9% during the third quarter. Northern Trust Corp now owns 350,440 shares of the basic materials company’s stock valued at $35,713,000 after buying an additional 6,374 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Materion in the fourth quarter valued at $31,311,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Materion by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 237,752 shares of the basic materials company’s stock worth $24,229,000 after acquiring an additional 3,563 shares during the period. 93.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, KeyCorp dropped their target price on Materion from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st.

Insider Activity at Materion

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $133.74, for a total transaction of $401,220.00. Following the completion of the sale, the vice president now directly owns 14,510 shares in the company, valued at approximately $1,940,567.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total transaction of $401,220.00. Following the sale, the vice president now owns 14,510 shares of the company’s stock, valued at approximately $1,940,567.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total transaction of $265,200.00. Following the sale, the chief financial officer now directly owns 13,147 shares of the company’s stock, valued at approximately $1,743,292.20. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Materion Trading Down 4.5 %

Shares of MTRN stock opened at $109.82 on Friday. The stock has a 50 day simple moving average of $127.81 and a 200-day simple moving average of $120.47. Materion Co. has a 1-year low of $92.23 and a 1-year high of $145.08. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 23.98 and a beta of 1.17. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.78 and a quick ratio of 1.05.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). Materion had a return on equity of 13.49% and a net margin of 5.75%. The company had revenue of $385.29 million for the quarter, compared to analyst estimates of $386.84 million. During the same quarter in the prior year, the company posted $1.34 earnings per share. The business’s revenue was down 12.9% on a year-over-year basis. On average, equities research analysts expect that Materion Co. will post 6.03 EPS for the current fiscal year.

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.