Oliver Luxxe Assets LLC Cuts Stock Position in Materion Corporation $MTRN

Oliver Luxxe Assets LLC cut its holdings in shares of Materion Corporation (NYSE:MTRN) by 48.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,671 shares of the basic materials company’s stock after selling 12,061 shares during the quarter. Oliver Luxxe Assets LLC owned approximately 0.06% of Materion worth $3,768,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. UBS Group AG raised its stake in Materion by 18.8% during the 4th quarter. UBS Group AG now owns 60,378 shares of the basic materials company’s stock valued at $7,506,000 after purchasing an additional 9,576 shares during the period. King Luther Capital Management Corp boosted its stake in Materion by 95.1% in the 4th quarter. King Luther Capital Management Corp now owns 74,075 shares of the basic materials company’s stock worth $9,209,000 after purchasing an additional 36,112 shares during the period. First Eagle Investment Management LLC boosted its stake in Materion by 136.7% in the 4th quarter. First Eagle Investment Management LLC now owns 58,000 shares of the basic materials company’s stock worth $7,211,000 after purchasing an additional 33,500 shares during the period. Principal Financial Group Inc. grew its holdings in Materion by 21.5% during the 1st quarter. Principal Financial Group Inc. now owns 120,164 shares of the basic materials company’s stock valued at $17,382,000 after buying an additional 21,295 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in Materion by 11.2% during the 4th quarter. Royce & Associates LP now owns 108,440 shares of the basic materials company’s stock valued at $13,481,000 after buying an additional 10,940 shares in the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings cut shares of Materion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research upgraded shares of Materion from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Materion has a consensus rating of “Buy” and an average price target of $306.00.

Materion Stock Performance

NYSE:MTRN opened at $289.40 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.32. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 67.46 and a beta of 1.07. Materion Corporation has a 1 year low of $104.63 and a 1 year high of $304.58. The stock’s 50 day simple moving average is $250.58 and its two-hundred day simple moving average is $194.64.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.38. The company had revenue of $308.19 million for the quarter, compared to analysts’ expectations of $549.82 million. Materion had a net margin of 4.29% and a return on equity of 13.38%. Materion’s quarterly revenue was up 42.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, equities analysts anticipate that Materion Corporation will post 7.06 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, August 20th. Materion’s dividend payout ratio is currently 13.52%.

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.