Capital Research Global Investors Trims Stock Holdings in Materion Corporation $MTRN

Capital Research Global Investors lowered its holdings in Materion Corporation (NYSE:MTRN) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,893,919 shares of the basic materials company’s stock after selling 17,746 shares during the period. Capital Research Global Investors owned about 0.09% of Materion worth $235,452,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTRN. Harvey Partners LLC purchased a new position in Materion in the third quarter valued at about $38,418,000. State Street Corp boosted its holdings in Materion by 28.0% in the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after purchasing an additional 283,998 shares during the last quarter. American Century Companies Inc. boosted its holdings in Materion by 53.2% in the third quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock valued at $44,121,000 after purchasing an additional 126,794 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Materion by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after purchasing an additional 116,091 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Materion by 187.4% in the third 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 during the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Analyst Ratings Changes

MTRN has been the subject of a number of analyst reports. Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Robert W. Baird assumed coverage on Materion in a report on Wednesday, April 1st. They set an “outperform” rating on the stock. Finally, KeyCorp increased their target price on Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $237.00.

Materion Trading Down 0.1%

NYSE:MTRN opened at $220.44 on Monday. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $186.85 and its two-hundred day moving average is $155.22. Materion Corporation has a 52 week low of $76.09 and a 52 week high of $233.45. The company has a market cap of $4.59 billion, a PE ratio of 60.23 and a beta of 1.08.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. Materion had a return on equity of 12.45% and a net margin of 3.99%.The company had revenue of $261.79 million for the quarter, compared to the consensus estimate of $479.03 million. During the same quarter last year, the business posted $1.13 EPS. Materion’s quarterly revenue was up 30.8% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, analysts predict that Materion Corporation will post 6.48 EPS for the current year.

Materion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 28th will be issued a $0.145 dividend. This is a positive change from Materion’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.58 annualized dividend and a dividend yield of 0.3%. Materion’s dividend payout ratio (DPR) is 15.85%.

Materion 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.