Insider Selling: Materion (NYSE:MTRN) CEO Sells 12,963 Shares of Stock

Materion Corporation (NYSE:MTRN) CEO Jugal Vijayvargiya sold 12,963 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $148.56, for a total transaction of $1,925,783.28. Following the completion of the sale, the chief executive officer directly owned 130,253 shares of the company’s stock, valued at $19,350,385.68. This represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Materion Trading Down 1.7%

Shares of NYSE:MTRN traded down $2.64 on Thursday, reaching $150.47. 134,739 shares of the company traded hands, compared to its average volume of 205,916. The business’s 50-day simple moving average is $139.17 and its 200 day simple moving average is $125.45. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $172.03. The stock has a market capitalization of $3.12 billion, a P/E ratio of 41.91 and a beta of 0.87. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48.

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

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Thursday, February 19th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, February 19th. Materion’s dividend payout ratio is 15.60%.

Analysts Set New Price Targets

A number of research firms recently commented on MTRN. KeyCorp upped their price target on shares of Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $170.00.

Hedge Funds Weigh In On Materion

A number of institutional investors have recently bought and sold shares of the stock. Amalgamated Bank increased its position in Materion by 1.5% during the 3rd quarter. Amalgamated Bank now owns 6,018 shares of the basic materials company’s stock valued at $727,000 after buying an additional 87 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Materion by 4.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,266 shares of the basic materials company’s stock worth $282,000 after acquiring an additional 91 shares in the last quarter. Wealthspire Advisors LLC grew its stake in shares of Materion by 2.9% in the fourth quarter. Wealthspire Advisors LLC now owns 3,219 shares of the basic materials company’s stock worth $400,000 after acquiring an additional 92 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Materion by 0.7% during the third quarter. Pinnacle Associates Ltd. now owns 13,045 shares of the basic materials company’s stock valued at $1,576,000 after acquiring an additional 95 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Materion by 0.4% during the third quarter. Nisa Investment Advisors LLC now owns 23,357 shares of the basic materials company’s stock valued at $2,822,000 after acquiring an additional 100 shares in the last quarter. 93.56% of the stock is owned by institutional investors.

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.