Summit Global Investments Trims Holdings in Materion Corporation $MTRN

Summit Global Investments trimmed its stake in shares of Materion Corporation (NYSE:MTRN) by 64.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,635 shares of the basic materials company’s stock after selling 2,952 shares during the quarter. Summit Global Investments’ holdings in Materion were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Materion by 28.0% during 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 buying an additional 283,998 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Materion by 187.4% in the third quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock worth $20,199,000 after buying an additional 109,017 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Materion by 313.6% in the second quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company’s stock valued at $6,510,000 after acquiring an additional 62,187 shares during the period. Concentric Capital Strategies LP purchased a new position in Materion during the fourth quarter valued at approximately $7,650,000. Finally, Morgan Stanley grew its stake in Materion by 12.2% during the fourth quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock valued at $53,393,000 after acquiring an additional 46,613 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Robert W. Baird began coverage on shares of Materion in a research report on Wednesday, April 1st. They set an “outperform” rating for the company. Finally, KeyCorp upped their price target on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $237.00.

Materion Stock Performance

Shares of MTRN opened at $247.71 on Friday. Materion Corporation has a 12-month low of $91.62 and a 12-month 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. The company has a market cap of $5.15 billion, a PE ratio of 67.68 and a beta of 1.03. The stock has a 50-day moving average price of $245.14 and a 200-day moving average price of $187.46.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.03. The company had revenue of $261.79 million for the quarter, compared to analysts’ expectations of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. Materion’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities analysts forecast that Materion Corporation will post 6.45 earnings per share for the current fiscal year.

Materion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, May 28th. This is a positive change 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.