CIBC Asset Management Inc Takes $202,000 Position in Materion Co. (NYSE:MTRN)

CIBC Asset Management Inc acquired a new stake in Materion Co. (NYSE:MTRN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,043 shares of the basic materials company’s stock, valued at approximately $202,000.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Materion by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company’s stock valued at $28,299,000 after acquiring an additional 5,944 shares during the period. JPMorgan Chase & Co. lifted its position in Materion by 38.0% during the third quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock valued at $6,867,000 after purchasing an additional 16,904 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Materion by 69.6% during the third quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company’s stock valued at $5,310,000 after purchasing an additional 19,483 shares during the last quarter. GAMMA Investing LLC lifted its position in Materion by 307.8% during the fourth quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 197 shares during the last quarter. Finally, Creative Planning lifted its position in Materion by 38.5% during the third quarter. Creative Planning now owns 2,792 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 776 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of Materion stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $101.24, for a total transaction of $81,498.20. Following the transaction, the chief financial officer now directly owns 14,632 shares of the company’s stock, valued at approximately $1,481,343.68. This trade represents a 5.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Materion Trading Up 1.1 %

Shares of Materion stock opened at $93.00 on Thursday. Materion Co. has a 1 year low of $91.72 and a 1 year high of $139.21. The firm has a market cap of $1.93 billion, a PE ratio of 320.69 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 1.26. The company has a 50 day simple moving average of $99.21 and a two-hundred day simple moving average of $106.27.

Materion (NYSE:MTRN) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.12. Materion had a net margin of 0.35% and a return on equity of 12.42%. The business had revenue of $436.90 million during the quarter, compared to analyst estimates of $433.22 million. During the same period in the previous year, the business posted $1.41 earnings per share. Materion’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Materion Co. will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Thursday, February 20th. Materion’s dividend payout ratio (DPR) is presently 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.