Jennison Associates LLC Sells 184 Shares of Materion Co. (NYSE:MTRN)

Jennison Associates LLC trimmed its holdings in shares of Materion Co. (NYSE:MTRN) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,091 shares of the basic materials company’s stock after selling 184 shares during the period. Jennison Associates LLC’s holdings in Materion were worth $26,298,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MTRN. Vanguard Group Inc. increased its holdings 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 acquiring an additional 35,888 shares during the last quarter. Trigran Investments Inc. increased its holdings in Materion by 14.6% in the 3rd quarter. Trigran Investments Inc. now owns 675,294 shares of the basic materials company’s stock worth $68,819,000 after acquiring an additional 86,134 shares during the last quarter. Northern Trust Corp increased its holdings in Materion by 1.9% in the 3rd quarter. Northern Trust Corp now owns 350,440 shares of the basic materials company’s stock worth $35,713,000 after acquiring an additional 6,374 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Materion in the 4th quarter worth about $31,311,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Materion by 1.5% in the 3rd 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 last quarter. 93.56% of the stock is currently owned by institutional investors.

Materion Stock Down 1.3 %

MTRN stock opened at $118.38 on Thursday. The company has a quick ratio of 1.05, a current ratio of 2.78 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $2.45 billion, a PE ratio of 25.85 and a beta of 1.14. Materion Co. has a twelve month low of $92.23 and a twelve month high of $145.08. The stock has a 50-day simple moving average of $129.63 and a two-hundred day simple moving average of $119.81.

Materion (NYSE:MTRN) last posted its earnings results on Thursday, February 15th. The basic materials company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. The business had revenue of $421.00 million during the quarter, compared to analyst estimates of $420.50 million. Materion had a return on equity of 13.49% and a net margin of 5.75%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 EPS. On average, equities analysts predict that Materion Co. will post 6.03 EPS for the current fiscal year.

Materion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Wednesday, February 21st. Materion’s payout ratio is presently 11.35%.

Wall Street Analysts Forecast Growth

Separately, KeyCorp decreased their price objective on Materion from $157.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, April 1st.

Insider Buying and Selling at Materion

In related news, VP Gregory R. Chemnitz sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total value of $401,220.00. Following the transaction, the vice president now directly owns 14,510 shares in the company, valued at $1,940,567.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Shelly Marie Chadwick sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $132.60, for a total value of $265,200.00. Following the transaction, the chief financial officer now directly owns 13,147 shares in the company, valued at $1,743,292.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of the company’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 transaction, the vice president now owns 14,510 shares in the company, valued at $1,940,567.40. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

About Materion

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.