Charles Schwab Investment Management Inc. Grows Stock Holdings in Materion Corporation $MTRN

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Materion Corporation by 1.7% in Q1, owning approximately 268,644 shares valued at $21.9 million.
• Materion reported $1.37 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, with a total revenue of $431.66 million.
• The company announced a quarterly dividend of $0.14 to be paid on September 5th, with an annualized yield of 0.5% and a payout ratio of 70%.

Charles Schwab Investment Management Inc. increased its stake in shares of Materion Corporation (NYSE:MTRN - Free Report) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 268,644 shares of the basic materials company's stock after buying an additional 4,447 shares during the period. Charles Schwab Investment Management Inc. owned about 1.29% of Materion worth $21,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MTRN. LPL Financial LLC boosted its holdings in Materion by 6.9% during the fourth quarter. LPL Financial LLC now owns 3,740 shares of the basic materials company's stock worth $370,000 after buying an additional 241 shares in the last quarter. Barclays PLC boosted its holdings in Materion by 7.9% during the fourth quarter. Barclays PLC now owns 37,631 shares of the basic materials company's stock worth $3,721,000 after buying an additional 2,754 shares in the last quarter. First Trust Advisors LP boosted its holdings in Materion by 209.6% during the fourth quarter. First Trust Advisors LP now owns 13,717 shares of the basic materials company's stock worth $1,356,000 after buying an additional 9,286 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Materion by 7.3% during the fourth quarter. MetLife Investment Management LLC now owns 12,584 shares of the basic materials company's stock worth $1,244,000 after buying an additional 853 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Materion by 0.5% during the fourth quarter. Stifel Financial Corp now owns 35,873 shares of the basic materials company's stock worth $3,547,000 after acquiring an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company's stock.

Insider Activity

In related news, CAO Melissa A. Fashinpaur sold 1,140 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $105.34, for a total transaction of $120,087.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director N Mohan Reddy sold 1,155 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $105.45, for a total transaction of $121,794.75. The disclosure for this sale can be found here. Insiders sold a total of 5,295 shares of company stock valued at $557,392 over the last 90 days. Insiders own 2.60% of the company's stock.

Materion Trading Down 0.5%

Shares of NYSE:MTRN traded down $0.55 during trading on Wednesday, reaching $110.40. The stock had a trading volume of 87,909 shares, compared to its average volume of 218,031. The business has a fifty day moving average price of $95.83 and a 200-day moving average price of $87.52. 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 stock has a market cap of $2.29 billion, a P/E ratio of 138.00 and a beta of 0.85. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $123.21.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.19. The business had revenue of $431.66 million during the quarter, compared to analyst estimates of $403.73 million. Materion had a net margin of 0.94% and a return on equity of 12.69%. The company's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.42 earnings per share. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, analysts anticipate 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. Stockholders of record on Friday, August 22nd will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 22nd. Materion's payout ratio is currently 70.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. KeyCorp lifted their target price on shares of Materion from $115.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Materion from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Materion currently has a consensus rating of "Buy" and a consensus target price of $117.00.

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.