State of Wyoming acquired a new position in shares of Materion Corporation (NYSE:MTRN – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,357 shares of the basic materials company’s stock, valued at approximately $1,296,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTRN. State Street Corp raised its stake in shares of Materion by 28.0% in the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock worth $103,098,000 after acquiring an additional 283,998 shares during the last quarter. Trigran Investments Inc. grew its stake in shares of Materion by 0.5% during the second quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock valued at $63,397,000 after purchasing an additional 3,982 shares during the last quarter. Morgan Stanley increased its holdings in shares of Materion by 12.2% in the fourth quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock valued at $53,393,000 after purchasing an additional 46,613 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Materion by 3.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 360,495 shares of the basic materials company’s stock valued at $44,817,000 after purchasing an additional 10,995 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Materion by 1.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 286,913 shares of the basic materials company’s stock worth $34,661,000 after purchasing an additional 4,469 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.
Insider Buying and Selling at Materion
In other Materion news, CFO Shelly Marie Chadwick sold 1,705 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $293.00, for a total transaction of $499,565.00. Following the completion of the sale, the chief financial officer owned 15,246 shares in the company, valued at approximately $4,467,078. The trade was a 10.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jugal K. Vijayvargiya sold 24,336 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $291.62, for a total value of $7,096,864.32. Following the completion of the transaction, the chief executive officer directly owned 116,699 shares in the company, valued at approximately $34,031,762.38. This trade represents a 17.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.80% of the company’s stock.
Materion Stock Up 0.2%
Materion (NYSE:MTRN – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.52 by $0.38. The company had revenue of $308.19 million during the quarter, compared to analysts’ expectations of $549.82 million. Materion had a net margin of 4.29% and a return on equity of 13.38%. Materion’s revenue was up 42.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 EPS. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Equities analysts expect that Materion Corporation will post 7.06 EPS for the current year.
Materion Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 20th. Materion’s payout ratio is currently 13.52%.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. KeyCorp upped their price objective on Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Zacks Research raised Materion from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings downgraded Materion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Materion presently has a consensus rating of “Buy” and an average price target of $306.00.
Get Our Latest Stock Analysis on MTRN
About Materion
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.
Read More
- Five stocks we like better than Materion
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Want to see what other hedge funds are holding MTRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Materion Corporation (NYSE:MTRN – Free Report).
Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.com's FREE daily email newsletter.
