Charles Schwab Investment Management Inc. Raises Stock Holdings in Materion Co. (NYSE:MTRN)

Charles Schwab Investment Management Inc. increased its position in shares of Materion Co. (NYSE:MTRN - Free Report) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,985 shares of the basic materials company's stock after buying an additional 5,944 shares during the period. Charles Schwab Investment Management Inc. owned 1.22% of Materion worth $28,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Materion during the second quarter worth $25,000. Quest Partners LLC lifted its position in Materion by 25,600.0% during the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company's stock worth $28,000 after purchasing an additional 256 shares during the period. ARK Investment Management LLC bought a new stake in Materion during the third quarter worth about $85,000. Brown Lisle Cummings Inc. bought a new stake in Materion during the second quarter worth about $92,000. Finally, Algert Global LLC bought a new stake in Materion during the second quarter worth about $225,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Materion from a "sell" rating to a "hold" rating in a report on Thursday, August 8th.

Insiders Place Their Bets

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the transaction, the vice president now owns 12,031 shares in the company, valued at $1,414,484.67. This represents a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $115.92, for a total value of $115,920.00. Following the transaction, the chief financial officer now owns 13,200 shares of the company's stock, valued at approximately $1,530,144. This represents a 7.04 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Materion Stock Performance

Shares of NYSE MTRN traded down $3.12 during mid-day trading on Thursday, reaching $111.34. 62,624 shares of the company's stock were exchanged, compared to its average volume of 97,622. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 32.23 and a beta of 1.21. Materion Co. has a 52 week low of $96.18 and a 52 week high of $145.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26. The firm has a 50-day moving average price of $110.06 and a two-hundred day moving average price of $110.62.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The business had revenue of $436.70 million for the quarter, compared to analysts' expectations of $416.40 million. During the same period in the previous year, the business posted $1.39 EPS. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. Analysts predict that Materion Co. will post 5.24 EPS for the current year.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.49%. The ex-dividend date is Thursday, November 14th. Materion's dividend payout ratio is currently 15.21%.

Materion Company 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.