Charles Schwab Investment Management Inc. Acquires 11,212 Shares of Materion Co. (NYSE:MTRN)

Charles Schwab Investment Management Inc. increased its holdings in Materion Co. (NYSE:MTRN) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 264,197 shares of the basic materials company’s stock after buying an additional 11,212 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Materion were worth $26,124,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Materion by 38.0% in the third quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock worth $6,867,000 after purchasing an additional 16,904 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Materion by 69.6% in the third quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company’s stock worth $5,310,000 after purchasing an additional 19,483 shares during the last quarter. GAMMA Investing LLC boosted its position in Materion by 307.8% in 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 last quarter. GSA Capital Partners LLP purchased a new position in Materion in the third quarter worth about $318,000. Finally, Mountaineer Partners Management LLC boosted its position in Materion by 9,463.5% in the third quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock worth $1,023,235,000 after purchasing an additional 9,051,813 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $101.24, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

Materion Stock Up 2.6 %

MTRN stock opened at $87.69 on Tuesday. Materion Co. has a twelve month low of $80.21 and a twelve month high of $139.21. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.82 billion, a P/E ratio of 302.36 and a beta of 1.20. The business’s 50-day moving average price is $96.04 and its 200-day moving average price is $103.74.

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

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a $0.135 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a yield of 0.62%. Materion’s dividend payout ratio is presently 186.21%.

Materion 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.