JPMorgan Chase & Co. Raises Stock Holdings in Materion Co. (NYSE:MTRN)

JPMorgan Chase & Co. raised its stake in shares of Materion Co. (NYSE:MTRN - Free Report) by 38.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 61,385 shares of the basic materials company's stock after acquiring an additional 16,904 shares during the period. JPMorgan Chase & Co. owned approximately 0.30% of Materion worth $6,867,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MTRN. 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 valued at $28,000 after purchasing an additional 256 shares during the period. ARK Investment Management LLC purchased a new position in shares of Materion in the 3rd quarter worth $85,000. Algert Global LLC bought a new stake in shares of Materion in the second quarter worth $225,000. Deerfield Management Company L.P. Series C purchased a new stake in Materion during the second quarter valued at $247,000. Finally, Centiva Capital LP bought a new position in Materion in the third quarter valued at about $259,000. Hedge funds and other institutional investors own 93.56% of the company's stock.

Insiders Place Their Bets

In related news, CFO Shelly Marie Chadwick sold 1,000 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the transaction, the chief financial officer now owns 13,200 shares in the company, valued at approximately $1,530,144. This represents a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the sale, the vice president now owns 12,031 shares in the company, valued at approximately $1,414,484.67. This represents a 14.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Materion Stock Performance

NYSE:MTRN traded down $0.08 on Thursday, hitting $99.57. The stock had a trading volume of 73,870 shares, compared to its average volume of 82,777. The business's 50-day simple moving average is $107.90 and its two-hundred day simple moving average is $108.96. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 28.05 and a beta of 1.24. Materion Co. has a 52-week low of $93.20 and a 52-week high of $145.08. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN - Get Free Report) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The company had revenue of $436.70 million during the quarter, compared to analyst estimates of $416.40 million. During the same period in the previous year, the business posted $1.39 earnings per share. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Materion Co. will post 5.25 earnings per share for the current year.

Materion Announces Dividend

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

About Materion

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.