Charles Schwab Investment Management Inc. boosted its stake in Materion Co. (NYSE:MTRN - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 264,197 shares of the basic materials company's stock after buying an additional 11,212 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.27% of Materion worth $26,124,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp boosted its holdings in Materion by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company's stock valued at $3,991,000 after acquiring an additional 91 shares during the period. Dakota Wealth Management grew its holdings in shares of Materion by 1.5% in the fourth 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 in the last quarter. GAMMA Investing LLC increased its stake in Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock worth $26,000 after buying an additional 197 shares during the period. Confluence Investment Management LLC lifted its holdings in Materion by 5.3% during the 4th quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company's stock worth $399,000 after buying an additional 204 shares in the last quarter. Finally, Gilman Hill Asset Management LLC grew its stake in shares of Materion by 0.9% in the fourth quarter. Gilman Hill Asset Management LLC now owns 33,662 shares of the basic materials company's stock worth $3,329,000 after acquiring an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company's stock.
Insider Activity at Materion
In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction 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 directly owns 14,632 shares in the company, valued at approximately $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.
Materion Stock Up 0.3 %
MTRN stock traded up $0.27 during mid-day trading on Friday, reaching $85.59. The company had a trading volume of 150,950 shares, compared to its average volume of 95,636. The firm has a fifty day simple moving average of $95.40 and a 200 day simple moving average of $103.29. 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 fifty-two week low of $80.21 and a fifty-two week high of $139.21. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 295.12 and a beta of 1.20.
Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings results 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 return on equity of 12.42% and a net margin of 0.35%. The company had revenue of $436.90 million during the quarter, compared to the consensus estimate of $433.22 million. During the same period in the previous year, the business earned $1.41 EPS. Materion's revenue for the quarter was up 3.8% on a year-over-year basis. Analysts forecast that Materion Co. will post 5.5 earnings per share for the current fiscal year.
Materion Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, February 20th. Materion's dividend payout ratio (DPR) is 186.21%.
Materion Company Profile
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Free Report)
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.
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