Heartland Advisors Inc. decreased its holdings in Materion Corporation (NYSE:MTRN – Free Report) by 36.8% during the 4th quarter, HoldingsChannel reports. The firm owned 50,859 shares of the basic materials company’s stock after selling 29,581 shares during the quarter. Heartland Advisors Inc.’s holdings in Materion were worth $6,323,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Harvey Partners LLC acquired a new stake in Materion in the third quarter valued at about $38,418,000. State Street Corp raised its stake in Materion by 28.0% during 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 in the last quarter. American Century Companies Inc. lifted its holdings in shares of Materion by 53.2% in the third quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock worth $44,121,000 after acquiring an additional 126,794 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Materion by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after acquiring an additional 116,091 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Materion by 187.4% in the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock valued at $20,199,000 after purchasing an additional 109,017 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on MTRN shares. Weiss Ratings reaffirmed 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. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, KeyCorp upped their price target on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $237.00.
Materion Trading Down 2.9%
MTRN opened at $224.67 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.04 and a quick ratio of 1.32. Materion Corporation has a fifty-two week low of $76.09 and a fifty-two week high of $236.62. The company’s 50 day moving average price is $192.11 and its two-hundred day moving average price is $157.61. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 61.38 and a beta of 1.08.
Materion (NYSE:MTRN – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The firm had revenue of $261.79 million during the quarter, compared to the consensus estimate of $479.03 million. During the same quarter last year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, research analysts predict that Materion Corporation will post 6.48 earnings per share for the current year.
Materion Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 28th. This is a boost from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio (DPR) is presently 15.85%.
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.
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