Oliver Luxxe Assets LLC Buys 11,025 Shares of Materion Corporation $MTRN

Oliver Luxxe Assets LLC raised its stake in Materion Corporation (NYSE:MTRN) by 79.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,877 shares of the basic materials company’s stock after buying an additional 11,025 shares during the period. Oliver Luxxe Assets LLC’s holdings in Materion were worth $3,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MTRN. GAMMA Investing LLC lifted its stake in shares of Materion by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 604 shares of the basic materials company’s stock worth $75,000 after buying an additional 110 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Materion by 155.8% during 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 period. Penn Capital Management Company LLC acquired a new position in shares of Materion in the third quarter valued at approximately $668,000. CIBC Bancorp USA Inc. acquired a new position in Materion in the 3rd quarter valued at $267,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Materion in the third quarter valued at about $466,000. 93.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. KeyCorp raised their price objective on Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Materion presently has an average rating of “Hold” and a consensus price target of $170.00.

Materion Price Performance

Materion stock opened at $131.94 on Friday. The stock has a 50-day moving average price of $147.72 and a two-hundred day moving average price of $131.22. Materion Corporation has a 12 month low of $69.10 and a 12 month high of $172.03. The company has a market capitalization of $2.74 billion, a PE ratio of 36.75 and a beta of 0.84. 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 posted its earnings results 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 firm had revenue of $489.75 million for the quarter, compared to analyst estimates of $448.78 million. Materion had a net margin of 4.19% and a return on equity of 12.36%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Analysts expect that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

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

Insider Buying and Selling

In other Materion news, CFO Shelly Marie Chadwick sold 2,539 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $160.06, for a total transaction of $406,392.34. Following the transaction, the chief financial officer owned 15,243 shares in the company, valued at approximately $2,439,794.58. This represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory R. Chemnitz sold 4,517 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total transaction of $710,614.44. Following the completion of the sale, the vice president owned 5,930 shares in the company, valued at $932,907.60. This represents a 43.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,549 shares of company stock worth $7,548,444 over the last 90 days. 2.60% of the stock is owned by company insiders.

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.