Charles Schwab Investment Management Inc. Boosts Position in Materion Corporation $MTRN

Charles Schwab Investment Management Inc. grew its position in shares of Materion Corporation (NYSE:MTRN) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,644 shares of the basic materials company’s stock after purchasing an additional 4,447 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.29% of Materion worth $21,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Materion by 722.2% in the 1st quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company’s stock worth $175,000 after acquiring an additional 1,885 shares in the last quarter. MQS Management LLC purchased a new stake in Materion in the 1st quarter worth $212,000. New Age Alpha Advisors LLC purchased a new stake in Materion in the 1st quarter worth $244,000. Graham Capital Management L.P. purchased a new stake in Materion in the 4th quarter worth $300,000. Finally, Teacher Retirement System of Texas purchased a new stake in Materion in the 1st quarter worth $248,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Trading Down 0.4%

Shares of MTRN opened at $109.33 on Friday. Materion Corporation has a 52-week low of $69.10 and a 52-week high of $123.21. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $93.14 and its two-hundred day moving average is $87.21. The stock has a market cap of $2.27 billion, a PE ratio of 136.66 and a beta of 0.85.

Materion (NYSE:MTRN) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.19. Materion had a net margin of 0.94% and a return on equity of 12.69%. The company had revenue of $431.66 million for the quarter, compared to analysts’ expectations of $403.73 million. During the same quarter in the previous year, the company posted $1.42 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. Research analysts forecast that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. Materion’s dividend payout ratio is currently 70.00%.

Insider Activity at Materion

In related news, Director N Mohan Reddy sold 1,155 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $105.45, for a total value of $121,794.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $105.34, for a total transaction of $120,087.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,295 shares of company stock valued at $557,392. 2.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on MTRN shares. KeyCorp boosted their price target on shares of Materion from $115.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Materion presently has a consensus rating of “Buy” and a consensus target price of $117.00.

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.