Granahan Investment Management LLC Has $20.90 Million Stock Holdings in Materion Corporation $MTRN

Granahan Investment Management LLC lifted its position in Materion Corporation (NYSE:MTRN) by 4.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 144,476 shares of the basic materials company’s stock after purchasing an additional 6,250 shares during the quarter. Granahan Investment Management LLC’s holdings in Materion were worth $20,898,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings in Materion by 28.0% during the 2nd 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. Raymond James Financial Inc. grew its stake in Materion by 187.4% during 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 during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Materion by 313.6% during the second quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company’s stock worth $6,510,000 after buying an additional 62,187 shares in the last quarter. Concentric Capital Strategies LP acquired a new stake in shares of Materion during the fourth quarter worth approximately $7,650,000. Finally, Morgan Stanley raised its stake in shares of Materion by 12.2% in 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 during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on MTRN. Weiss Ratings upgraded Materion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Robert W. Baird started coverage on Materion in a research note on Wednesday, April 1st. They issued 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $237.00.

Materion Price Performance

NYSE:MTRN opened at $241.23 on Friday. The stock has a market capitalization of $5.02 billion, a PE ratio of 65.91 and a beta of 1.03. Materion Corporation has a 1-year low of $91.62 and a 1-year high of $298.87. The firm has a fifty day simple moving average of $245.86 and a 200 day simple moving average of $187.83. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50.

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

Materion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 28th were issued a dividend of $0.145 per share. The ex-dividend date was Thursday, May 28th. This is an increase from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. Materion’s dividend payout ratio 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.