Heartland Advisors Inc. lowered its stake in Materion Corporation (NYSE:MTRN – Free Report) by 4.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 48,352 shares of the basic materials company’s stock after selling 2,507 shares during the period. Heartland Advisors Inc. owned approximately 0.23% of Materion worth $6,994,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the company. Maseco LLP bought a new position in Materion during the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Materion in the third quarter valued at approximately $35,000. Kestra Advisory Services LLC bought a new stake in shares of Materion in the fourth quarter valued at approximately $40,000. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 225 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Materion by 69.8% during the 4th 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.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on MTRN. Robert W. Baird initiated coverage on Materion in a research report on Wednesday, April 1st. They set an “outperform” rating for the company. KeyCorp upped their price objective on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Materion in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Materion has a consensus rating of “Moderate Buy” and an average price target of $237.00.
Materion Trading Up 0.9%
Shares of Materion stock opened at $245.17 on Friday. The firm’s 50 day moving average is $241.78 and its 200 day moving average is $183.59. The firm has a market capitalization of $5.10 billion, a PE ratio of 66.99 and a beta of 1.03. Materion Corporation has a 1 year low of $91.60 and a 1 year high of $298.87. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50.
Materion (NYSE:MTRN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.24 by $0.03. The business had revenue of $261.79 million during the quarter, compared to the consensus estimate of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. The firm’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities research analysts forecast that Materion Corporation will post 6.45 earnings per share for the current fiscal year.
Materion Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 28th were issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, May 28th. This is a boost from Materion’s previous quarterly dividend of $0.14. Materion’s payout ratio is currently 15.85%.
Materion Company Profile
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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