Raymond James Financial Inc. Buys New Holdings in Materion Co. (NYSE:MTRN)

Raymond James Financial Inc. purchased a new stake in shares of Materion Co. (NYSE:MTRN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 105,170 shares of the basic materials company's stock, valued at approximately $10,399,000. Raymond James Financial Inc. owned approximately 0.51% of Materion at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MTRN. Charles Schwab Investment Management Inc. increased its holdings in Materion by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company's stock worth $28,299,000 after buying an additional 5,944 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 acquiring an additional 16,904 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of 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 acquiring an additional 19,483 shares during the period. GAMMA Investing LLC raised its holdings 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 valued at $26,000 after purchasing an additional 197 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Materion during the third quarter valued at approximately $318,000. Hedge funds and other institutional investors own 93.56% of the company's stock.

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Insider Activity at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total transaction of $81,498.20. Following the sale, the chief financial officer now owns 14,632 shares in the company, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Materion Stock Performance

Shares of MTRN stock traded up $2.02 on Monday, reaching $87.65. The stock had a trading volume of 102,110 shares, compared to its average volume of 97,840. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. Materion Co. has a 1 year low of $80.21 and a 1 year high of $139.21. The stock has a market cap of $1.82 billion, a P/E ratio of 302.23 and a beta of 1.20. The company has a 50 day simple moving average of $95.23 and a 200 day simple moving average of $103.03.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.12. Materion had a net margin of 0.35% and a return on equity of 12.42%. The company had revenue of $436.90 million for the quarter, compared to the consensus estimate of $433.22 million. During the same quarter last year, the firm posted $1.41 earnings per share. The firm's revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that Materion Co. will post 5.5 EPS for the current year.

Materion Dividend Announcement

The business also recently announced 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 currently 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.