Swiss National Bank Boosts Stock Position in Materion Co. (NYSE:MTRN)

Swiss National Bank increased its holdings in shares of Materion Co. (NYSE:MTRN) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,800 shares of the basic materials company’s stock after buying an additional 300 shares during the period. Swiss National Bank’s holdings in Materion were worth $4,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in Materion by 2.4% during 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 purchasing an additional 5,944 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Materion by 38.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock valued at $6,867,000 after buying an additional 16,904 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Materion by 307.8% in the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after buying an additional 197 shares during the last quarter. Mountaineer Partners Management LLC increased its stake in Materion by 9,463.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock worth $1,023,235,000 after buying an additional 9,051,813 shares in the last quarter. Finally, Choreo LLC acquired a new position in shares of Materion during the fourth quarter valued at approximately $315,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Stock Performance

NYSE MTRN opened at $86.96 on Wednesday. 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 stock’s 50 day simple moving average is $94.80 and its 200-day simple moving average is $102.78. The company has a market cap of $1.81 billion, a PE ratio of 299.86 and a beta of 1.20. Materion Co. has a 1-year low of $80.21 and a 1-year high of $139.21.

Materion (NYSE:MTRN) last announced its quarterly earnings data 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 analyst estimates of $433.22 million. During the same quarter last year, the firm posted $1.41 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that Materion Co. will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a dividend of $0.135 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a yield of 0.62%. Materion’s payout ratio is presently 186.21%.

Insider Activity at Materion

In related news, CFO Shelly Marie Chadwick sold 805 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $101.24, for a total transaction of $81,498.20. Following the completion of the sale, the chief financial officer now directly owns 14,632 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

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.