Hillsdale Investment Management Inc. Has $372,000 Holdings in Materion Corporation $MTRN

Hillsdale Investment Management Inc. increased its holdings in Materion Corporation (NYSE:MTRNFree Report) by 3,571.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,570 shares of the basic materials company’s stock after purchasing an additional 2,500 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Materion were worth $372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MTRN. Maseco LLP bought a new position in Materion during the 4th quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Materion in the third quarter valued at about $35,000. Kestra Advisory Services LLC bought a new position in shares of Materion during the fourth quarter worth about $40,000. EverSource Wealth Advisors LLC raised its position in shares of Materion by 182.9% during the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Materion by 69.8% in the fourth quarter. Hantz Financial Services Inc. now owns 360 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 148 shares during the period. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTRN has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Robert W. Baird assumed coverage on shares of Materion in a research report on Wednesday, April 1st. They issued an “outperform” rating on the stock. Finally, KeyCorp upped their price objective on shares of Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $237.00.

Check Out Our Latest Analysis on MTRN

Materion Price Performance

Shares of MTRN opened at $243.46 on Friday. The business’s fifty day moving average is $240.87 and its 200 day moving average is $183.16. Materion Corporation has a 12-month low of $85.17 and a 12-month high of $298.87. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. The stock has a market cap of $5.06 billion, a P/E ratio of 66.52 and a beta of 1.03.

Materion (NYSE:MTRNGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The business had revenue of $261.79 million during the quarter, compared to analyst estimates of $479.03 million. During the same quarter in the previous year, the business posted $1.13 EPS. Materion’s quarterly revenue was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Sell-side analysts anticipate that Materion Corporation will post 6.42 earnings per share for the current fiscal year.

Materion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were given a dividend of $0.145 per share. The ex-dividend date of this dividend was Thursday, May 28th. This is a boost from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. Materion’s payout ratio is presently 15.85%.

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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