Gabelli Funds LLC Has $15.86 Million Holdings in Materion Corp (MTRN)

Gabelli Funds LLC decreased its stake in Materion Corp (NYSE:MTRN) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,300 shares of the basic materials company’s stock after selling 56,000 shares during the quarter. Gabelli Funds LLC’s holdings in Materion were worth $15,858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. UBS Asset Management Americas Inc. purchased a new stake in Materion in the second quarter worth about $280,000. State Street Corp increased its position in Materion by 4.2% in the second quarter. State Street Corp now owns 672,956 shares of the basic materials company’s stock worth $25,167,000 after buying an additional 26,973 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Materion in the third quarter worth about $441,000. BNP Paribas Arbitrage SA increased its position in Materion by 52.2% in the third quarter. BNP Paribas Arbitrage SA now owns 11,651 shares of the basic materials company’s stock worth $503,000 after buying an additional 3,994 shares in the last quarter. Finally, Algert Global LLC increased its position in Materion by 65.9% in the third quarter. Algert Global LLC now owns 59,198 shares of the basic materials company’s stock worth $2,554,000 after buying an additional 23,512 shares in the last quarter. Institutional investors and hedge funds own 90.92% of the company’s stock.

In other news, Director Richard J. Hipple sold 9,713 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $50.02, for a total value of $485,844.26. Following the completion of the transaction, the director now owns 52,591 shares of the company’s stock, valued at $2,630,601.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard J. Hipple sold 8,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $49.76, for a total value of $398,080.00. Following the completion of the transaction, the director now directly owns 43,224 shares of the company’s stock, valued at approximately $2,150,826.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,344 shares of company stock valued at $1,378,282. Corporate insiders own 2.90% of the company’s stock.

A number of analysts have commented on MTRN shares. Zacks Investment Research upgraded Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research report on Wednesday, December 27th. Jefferies Group restated a “hold” rating and issued a $46.00 price target on shares of Materion in a research report on Tuesday, January 9th. ValuEngine lowered Materion from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. KeyCorp reaffirmed a “hold” rating on shares of Materion in a research note on Monday, November 13th. Finally, BidaskClub raised Materion from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.00.

Materion Corp (NYSE:MTRN) opened at $45.55 on Friday. The firm has a market capitalization of $949.06, a PE ratio of 31.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 1.48. Materion Corp has a one year low of $31.05 and a one year high of $53.92.

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About Materion

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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