Materion Corporation $MTRN Shares Bought by Royce & Associates LP

Royce & Associates LP raised its stake in Materion Corporation (NYSE:MTRN) by 11.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 108,440 shares of the basic materials company’s stock after purchasing an additional 10,940 shares during the period. Royce & Associates LP’s holdings in Materion were worth $13,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. First Eagle Investment Management LLC acquired a new position in Materion in the third quarter valued at $2,960,000. Harvey Partners LLC acquired a new position in Materion in the third quarter valued at $38,418,000. JPMorgan Chase & Co. boosted its stake in Materion by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after acquiring an additional 116,091 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in Materion in the third quarter valued at $1,946,000. Finally, Public Sector Pension Investment Board boosted its stake in Materion by 14.0% in the third quarter. Public Sector Pension Investment Board now owns 80,880 shares of the basic materials company’s stock valued at $9,771,000 after acquiring an additional 9,931 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Analyst Upgrades and Downgrades

MTRN has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Robert W. Baird initiated coverage on shares of Materion in a research note on Wednesday, April 1st. They set an “outperform” rating for the company. KeyCorp increased their target price on shares of Materion from $185.00 to $223.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $223.00.

Insider Transactions at Materion

In related news, CAO Melissa A. Fashinpaur sold 309 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $160.00, for a total transaction of $49,440.00. Following the sale, the chief accounting officer owned 310 shares in the company, valued at approximately $49,600. This trade represents a 49.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shelly Marie Chadwick sold 2,539 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $160.06, for a total transaction of $406,392.34. Following the sale, the chief financial officer owned 15,243 shares in the company, valued at approximately $2,439,794.58. This trade represents a 14.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,365 shares of company stock valued at $1,166,447 in the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Materion Trading Down 0.5%

NYSE MTRN opened at $221.71 on Thursday. The stock has a market capitalization of $4.61 billion, a P/E ratio of 60.58 and a beta of 1.03. Materion Corporation has a 52-week low of $73.61 and a 52-week high of $227.24. The firm has a 50-day moving average price of $175.04 and a 200 day moving average price of $149.92. The company has a quick ratio of 1.32, a current ratio of 3.04 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. Materion had a net margin of 3.99% and a return on equity of 12.45%. The firm had revenue of $261.79 million during the quarter, compared to analysts’ expectations of $479.03 million. During the same period in the prior year, the company posted $1.13 earnings per share. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities research analysts expect that Materion Corporation will post 6.48 EPS for the current year.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 28th will be paid a dividend of $0.145 per share. This is a positive change from Materion’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.3%. Materion’s dividend payout ratio is 15.30%.

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.