OP Asset Management Ltd Purchases New Stake in Materion Corporation $MTRN

OP Asset Management Ltd acquired a new position in shares of Materion Corporation (NYSE:MTRN) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,685 shares of the basic materials company’s stock, valued at approximately $244,000.

Other large investors have also recently bought and sold shares of the company. Harvey Partners LLC acquired a new stake in Materion in the third quarter valued at $38,418,000. State Street Corp boosted its position in shares of Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock worth $103,098,000 after purchasing an additional 283,998 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Materion by 53.2% during the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock worth $44,121,000 after purchasing an additional 126,794 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Materion by 155.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after purchasing an additional 116,091 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Materion by 187.4% in the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock valued at $20,199,000 after purchasing an additional 109,017 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Analyst Ratings Changes

MTRN has been the subject of several recent analyst reports. KeyCorp raised their price objective on shares of Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Robert W. Baird assumed coverage on shares of Materion in a research report on Wednesday, April 1st. They set an “outperform” rating for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $237.00.

Materion Stock Up 3.0%

Materion stock opened at $298.31 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 81.50 and a beta of 1.08. Materion Corporation has a fifty-two week low of $78.40 and a fifty-two week high of $298.87. The stock’s fifty day moving average is $223.40 and its two-hundred day moving average is $172.22.

Materion (NYSE:MTRN) last released 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 business had revenue of $261.79 million during the quarter, compared to the consensus estimate of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.The business’s revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Analysts predict that Materion Corporation will post 6.47 EPS for the current fiscal year.

Materion Increases Dividend

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