Congress Asset Management Co. Purchases 192,274 Shares of Materion Corporation $MTRN

Congress Asset Management Co. acquired a new stake in shares of Materion Corporation (NYSE:MTRN) during the third quarter, Holdings Channel reports. The fund acquired 192,274 shares of the basic materials company’s stock, valued at approximately $51,835,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Polaris Financial Partners bought a new stake in shares of Materion in the 3rd quarter worth about $36,000. SkyView Investment Advisors LLC raised its stake in shares of Materion by 9.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 1,550 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 136 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Materion during the second quarter worth about $305,000. Engineers Gate Manager LP acquired a new position in Materion in the second quarter worth about $319,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Materion in the second quarter worth about $76,000. 93.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group started coverage on Materion in a report on Wednesday, September 2nd. They issued a “buy” rating and a $314.00 price objective for the company. Zacks Research raised Materion from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Wall Street Zen upgraded Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Materion from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Finally, KeyCorp upped their price target on Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $310.00.

Insider Transactions at Materion

In other news, CFO Shelly Chadwick sold 1,705 shares of Materion stock in a transaction on Friday, August 7th. The stock was sold at an average price of $293.00, for a total transaction of $499,565.00. Following the transaction, the chief financial officer directly owned 15,246 shares in the company, valued at approximately $4,467,078. This trade represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vinod Khilnani sold 2,000 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $235.16, for a total value of $470,320.00. Following the completion of the sale, the director directly owned 11,171 shares in the company, valued at $2,626,972.36. This represents a 15.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 29,053 shares of company stock valued at $8,301,958. Company insiders own 2.80% of the company’s stock.

Materion Price Performance

Shares of MTRN stock traded down $7.11 during midday trading on Tuesday, reaching $312.07. 410,601 shares of the company were exchanged, compared to its average volume of 287,254. The company’s 50 day moving average price is $253.40 and its two-hundred day moving average price is $226.23. The company has a market cap of $6.50 billion, a P/E ratio of 72.74 and a beta of 1.05. Materion Corporation has a 12 month low of $109.61 and a 12 month high of $324.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.29 and a current ratio of 2.94.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The business had revenue of $308.19 million during the quarter, compared to analysts’ expectations of $549.82 million. During the same period last year, the firm posted $1.37 earnings per share. The business’s revenue was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. On average, sell-side analysts expect that Materion Corporation will post 7.04 earnings per share for the current year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, August 20th were paid a dividend of $0.1450 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 20th. Materion’s dividend payout ratio (DPR) is presently 13.52%.

About Materion

Materion Corporation is an advanced materials company that develops, manufactures and supplies highly engineered materials and related products for demanding industrial applications. Its portfolio includes specialty alloys, beryllium and beryllium-based materials, precious-metal products, inorganic chemicals, thin-film materials and precision optical components.

The company’s products are used in semiconductor manufacturing, aerospace and defense, medical technology, telecommunications, automotive systems, consumer electronics and other high-technology markets.