Materion Corporation $MTRN Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. lowered its holdings in Materion Corporation (NYSE:MTRN) by 11.5% during the third quarter, HoldingsChannel reports. The fund owned 80,440 shares of the basic materials company’s stock after selling 10,403 shares during the period. Heartland Advisors Inc.’s holdings in Materion were worth $9,718,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in shares of Materion in the 1st quarter valued at $201,000. Millennium Management LLC boosted its position in shares of Materion by 54.1% in the 1st quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock valued at $7,280,000 after purchasing an additional 31,305 shares during the period. Jones Financial Companies Lllp acquired a new position in Materion during the first quarter worth approximately $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Materion by 12.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company’s stock valued at $4,410,000 after acquiring an additional 5,894 shares during the period. Finally, Jane Street Group LLC raised its position in Materion by 44.9% in the 1st quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock valued at $2,882,000 after purchasing an additional 10,940 shares during the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Trading Up 0.5%

Shares of MTRN stock opened at $159.76 on Tuesday. The stock has a market cap of $3.31 billion, a P/E ratio of 44.50 and a beta of 0.87. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $172.03. The business has a fifty day simple moving average of $137.69 and a 200-day simple moving average of $124.74. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.48.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The business had revenue of $489.75 million during the quarter, compared to analysts’ expectations of $448.78 million. Materion had a net margin of 4.19% and a return on equity of 12.36%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. On average, analysts forecast that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, February 19th. Materion’s dividend payout ratio (DPR) is currently 15.60%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MTRN. Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Finally, KeyCorp lifted their price objective on Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $170.00.

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.