JPMorgan Chase & Co. Acquires 16,904 Shares of Materion Co. (NYSE:MTRN)

JPMorgan Chase & Co. raised its holdings in shares of Materion Co. (NYSE:MTRN) by 38.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,385 shares of the basic materials company’s stock after purchasing an additional 16,904 shares during the period. JPMorgan Chase & Co. owned approximately 0.30% of Materion worth $6,867,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Synovus Financial Corp boosted its position in shares of Materion by 9.6% during the third quarter. Synovus Financial Corp now owns 7,507 shares of the basic materials company’s stock valued at $840,000 after buying an additional 656 shares during the last quarter. Geode Capital Management LLC lifted its stake in Materion by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 466,972 shares of the basic materials company’s stock valued at $52,246,000 after acquiring an additional 2,953 shares during the period. Barclays PLC boosted its holdings in shares of Materion by 356.9% during the 3rd quarter. Barclays PLC now owns 34,877 shares of the basic materials company’s stock valued at $3,902,000 after acquiring an additional 27,244 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Materion by 8.0% in the third quarter. Jane Street Group LLC now owns 36,886 shares of the basic materials company’s stock worth $4,126,000 after acquiring an additional 2,727 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Materion by 0.3% during the third 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 last quarter. Institutional investors own 93.56% of the company’s stock.

Materion Trading Up 0.6 %

Shares of MTRN stock opened at $99.50 on Thursday. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. Materion Co. has a 12-month low of $93.20 and a 12-month high of $145.08. The stock has a market capitalization of $2.06 billion, a P/E ratio of 28.03 and a beta of 1.24. The firm’s 50 day moving average is $108.30 and its 200 day moving average is $109.03.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. The firm had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. Research analysts expect that Materion Co. will post 5.24 earnings per share for the current year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Thursday, November 14th. Materion’s payout ratio is currently 15.21%.

Insider Transactions at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the transaction, the vice president now directly owns 12,031 shares in the company, valued at approximately $1,414,484.67. The trade was a 14.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Materion 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.