EntryPoint Capital LLC Makes New $223,000 Investment in Materion Co. (NYSE:MTRN)

EntryPoint Capital LLC bought a new stake in Materion Co. (NYSE:MTRN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,254 shares of the basic materials company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTRN. Stifel Financial Corp lifted its holdings in Materion by 0.3% in the third quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock valued at $3,991,000 after buying an additional 91 shares during the period. Dakota Wealth Management lifted its stake in shares of Materion by 1.5% in the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock valued at $1,079,000 after purchasing an additional 165 shares during the period. Aurora Investment Counsel boosted its position in shares of Materion by 2.8% in the 4th quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company’s stock worth $643,000 after purchasing an additional 180 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 197 shares during the period. Finally, Confluence Investment Management LLC increased its holdings in Materion by 5.3% in the fourth quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.

Materion Price Performance

Shares of MTRN opened at $83.46 on Friday. The company has a current ratio of 3.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.73 billion, a P/E ratio of 287.79 and a beta of 1.20. The stock’s 50-day moving average price is $93.94 and its two-hundred day moving average price is $102.43. Materion Co. has a 1 year low of $80.21 and a 1 year high of $131.97.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.12. The firm had revenue of $436.90 million during the quarter, compared to analysts’ expectations of $433.22 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.41 earnings per share. On average, equities analysts predict that Materion Co. will post 5.5 earnings per share for the current year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 annualized dividend and a yield of 0.65%. Materion’s dividend payout ratio is presently 186.21%.

Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total value of $81,498.20. Following the transaction, the chief financial officer now owns 14,632 shares of the company’s stock, valued at approximately $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.30% 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.