BlackRock Amends Materion Stake, Remains Key Institutional Holder
Ticker: MTRN · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: MTRN
TL;DR
**BlackRock updated its Materion Corp stake, still a major holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in their ownership of Materion Corp (NYSE: MTRN) Common Stock as of December 31, 2023. This filing, Amendment No. 2, shows that BlackRock continues to be a significant institutional investor in Materion. This matters to current and potential Materion shareholders because large institutional holdings like BlackRock's can provide stability and signal confidence in the company's long-term prospects, though changes in their stake can also influence market perception.
Why It Matters
This filing confirms BlackRock's continued significant institutional ownership in Materion, which can influence investor confidence and stock stability.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which can be a positive signal, but should also monitor future filings for any significant changes in their stake that could impact market sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Materion Corp (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 2 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as identified under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section and 'Names of reporting persons. BlackRock,' on the cover page.
What is the subject company whose securities are being reported?
The subject company is MATERION Corp, as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MATERION Corp' and '(Name of Issuer) MATERION CORP'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Materion Corp is 576690101, as listed under '(CUSIP Number) 576690101' on the cover page.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
From the Filing
EDGAR Filing Documents for 0001086364-24-000792 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-000792 Filing Date 2024-01-22 Accepted 2024-01-22 14:03:06 Documents 1 Document Format Files Seq Description Document Type Size 1 us5766901012_012224.txt SC 13G/A 11656 Complete submission text file 0001086364-24-000792.txt 13541 Mailing Address 6070 PARKLAND BLVD. MAYFIELD HTS. OH 44124 Business Address 6070 PARKLAND BLVD. MAYFIELD HTS. OH 44124 2163834931 MATERION Corp (Subject) CIK : 0001104657 (see all company filings) EIN. : 341919973 | State of Incorp.: OH | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-60271 | Film No.: 24548094 SIC : 3460 Metal Forgings & Stampings (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)