Charles Schwab Investment Management Inc. Acquires 5,944 Shares of Materion Co. (NYSE:MTRN)

Charles Schwab Investment Management Inc. grew its position in shares of Materion Co. (NYSE:MTRN) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 252,985 shares of the basic materials company’s stock after buying an additional 5,944 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.22% of Materion worth $28,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC increased its stake in shares of Materion by 435.3% during the 3rd quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company’s stock worth $4,007,000 after purchasing an additional 29,131 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of Materion by 43.4% during the 3rd quarter. King Luther Capital Management Corp now owns 34,897 shares of the basic materials company’s stock valued at $3,904,000 after purchasing an additional 10,566 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Materion by 5.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 221,086 shares of the basic materials company’s stock worth $24,731,000 after acquiring an additional 11,198 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Materion by 20.3% during the 3rd quarter. Pathstone Holdings LLC now owns 17,192 shares of the basic materials company’s stock worth $1,923,000 after acquiring an additional 2,896 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Materion by 118.7% during the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 305 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

Insiders Place Their Bets

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the sale, the vice president now owns 12,031 shares in the company, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the sale, the chief financial officer now owns 13,200 shares in the company, valued at $1,530,144. This represents a 7.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Materion Price Performance

MTRN stock opened at $114.43 on Thursday. Materion Co. has a 12-month low of $96.18 and a 12-month high of $145.08. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $110.06 and its two-hundred day moving average price is $110.62. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 32.23 and a beta of 1.21.

Materion (NYSE:MTRN) last announced its quarterly 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. The company had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. Materion’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 earnings per share. As a group, equities analysts predict that Materion Co. will post 5.24 earnings per share for the current year.

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Thursday, November 14th. Materion’s dividend payout ratio (DPR) is presently 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.