King Luther Capital Management Corp Raises Stock Position in Materion Corporation $MTRN

King Luther Capital Management Corp boosted its holdings in Materion Corporation (NYSE:MTRNFree Report) by 95.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 74,075 shares of the basic materials company’s stock after purchasing an additional 36,112 shares during the quarter. King Luther Capital Management Corp’s holdings in Materion were worth $9,209,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MTRN. Montag A & Associates Inc. increased its stake in Materion by 1,607.7% in the 3rd quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock worth $27,000 after buying an additional 209 shares in the last quarter. Maseco LLP purchased a new stake in Materion in the 4th quarter worth $27,000. EverSource Wealth Advisors LLC increased its stake in Materion by 182.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after buying an additional 225 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Materion in the 1st quarter worth $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Materion in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MTRN. Weiss Ratings restated a “hold (c)” rating on shares of Materion in a research report on Wednesday, May 13th. KeyCorp raised their price objective on Materion from $185.00 to $223.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Robert W. Baird began coverage on Materion in a research report on Wednesday, April 1st. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $223.00.

Get Our Latest Stock Report on MTRN

Insider Buying and Selling

In related news, CFO Shelly Marie Chadwick sold 2,539 shares of Materion stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $160.06, for a total value of $406,392.34. Following the completion of the transaction, the chief financial officer owned 15,243 shares in the company, valued at approximately $2,439,794.58. This trade represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory R. Chemnitz sold 4,517 shares of Materion stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total value of $710,614.44. Following the completion of the transaction, the vice president owned 5,930 shares of the company’s stock, valued at approximately $932,907.60. This represents a 43.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 7,365 shares of company stock worth $1,166,447. Corporate insiders own 2.80% of the company’s stock.

Materion Trading Down 0.5%

Shares of Materion stock opened at $221.71 on Thursday. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 60.58 and a beta of 1.03. The business has a 50-day moving average price of $175.04 and a 200-day moving average price of $149.92. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. Materion Corporation has a twelve month low of $73.61 and a twelve month high of $227.24.

Materion (NYSE:MTRNGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $261.79 million during the quarter, compared to analyst estimates of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.The business’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities research analysts anticipate that Materion Corporation will post 6.48 EPS for the current fiscal year.

Materion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 28th will be given a $0.145 dividend. This is an increase from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, May 28th. Materion’s dividend payout ratio (DPR) is 15.30%.

Materion Company Profile

(Free Report)

Materion Corporation (NYSE: MTRN) is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion’s offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion’s core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.

See Also

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Institutional Ownership by Quarter for Materion (NYSE:MTRN)

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