Materion Corporation $MTRN Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC lessened its stake in Materion Corporation (NYSE:MTRN) by 31.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 62,875 shares of the basic materials company’s stock after selling 29,475 shares during the period. Ceredex Value Advisors LLC’s holdings in Materion were worth $7,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTRN. Montag A & Associates Inc. lifted its position in Materion by 1,607.7% during the 3rd quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 209 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 225 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Materion during the first quarter worth approximately $34,000. GAMMA Investing LLC raised its stake in shares of Materion by 37.6% during the third quarter. GAMMA Investing LLC now owns 494 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 135 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Materion by 25.3% during the second quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 118 shares during the period. 93.56% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Vinod M. Khilnani sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $148.86, for a total value of $595,440.00. Following the sale, the director owned 13,665 shares of the company’s stock, valued at approximately $2,034,171.90. This represents a 22.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shelly Marie Chadwick sold 2,539 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $160.06, for a total value of $406,392.34. Following the completion of the sale, the chief financial officer directly owned 15,243 shares in the company, valued at approximately $2,439,794.58. The trade was a 14.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 49,549 shares of company stock valued at $7,548,444. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

MTRN has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, KeyCorp lifted their target price on shares of Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $170.00.

Materion Stock Up 1.4%

Materion stock opened at $147.34 on Wednesday. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $172.03. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 41.04 and a beta of 0.84. The stock’s fifty day moving average is $146.39 and its two-hundred day moving average is $129.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.11.

Materion (NYSE:MTRN) last released its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. The business had revenue of $489.75 million for the quarter, compared to analyst estimates of $448.78 million. Materion had a net margin of 4.19% and a return on equity of 12.36%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Analysts predict that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Thursday, February 19th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, February 19th. Materion’s dividend payout ratio is 15.60%.

About Materion

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.