Materion Co. (NYSE:MTRN) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Materion Co. (NYSE:MTRN - Free Report) by 69.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 103,799 shares of the basic materials company's stock after purchasing an additional 42,414 shares during the period. JPMorgan Chase & Co. owned 0.50% of Materion worth $10,264,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC raised its stake in Materion by 23.8% during the third quarter. FMR LLC now owns 15,027 shares of the basic materials company's stock worth $1,681,000 after acquiring an additional 2,891 shares during the period. Stifel Financial Corp boosted its position 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 purchasing an additional 91 shares during the period. Jane Street Group LLC grew its stake in Materion by 8.0% during the 3rd quarter. Jane Street Group LLC now owns 36,886 shares of the basic materials company's stock worth $4,126,000 after buying an additional 2,727 shares during the last quarter. Barclays PLC increased its position in Materion by 356.9% in the third quarter. Barclays PLC now owns 34,877 shares of the basic materials company's stock worth $3,902,000 after buying an additional 27,244 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Materion by 0.6% in the third quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company's stock valued at $52,246,000 after buying an additional 2,953 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.

Insiders Place Their Bets

In other news, CFO Shelly Marie Chadwick sold 805 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the completion of the sale, the chief financial officer now owns 14,632 shares in the company, valued at $1,481,343.68. This represents a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is owned by insiders.

Materion Stock Performance

Shares of Materion stock traded up $0.37 during trading on Friday, hitting $78.71. 89,017 shares of the stock were exchanged, compared to its average volume of 100,343. 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 12 month low of $69.10 and a 12 month high of $123.21. The stock's fifty day moving average is $86.31 and its 200 day moving average is $99.15. The stock has a market cap of $1.63 billion, a PE ratio of 271.42 and a beta of 1.15.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings results 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 company had revenue of $436.90 million for the quarter, compared to analysts' expectations of $433.22 million. During the same quarter in the previous year, the company posted $1.41 earnings per share. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. Shareholders of record on Thursday, February 20th were paid a dividend of $0.135 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.54 annualized dividend and a yield of 0.69%. Materion's payout ratio is 186.21%.

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.