Gamco Investors INC. ET AL Sells 4,710 Shares of Materion Corporation $MTRN

Gamco Investors INC. ET AL reduced its holdings in Materion Corporation (NYSE:MTRN) by 2.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 191,240 shares of the basic materials company’s stock after selling 4,710 shares during the period. Gamco Investors INC. ET AL’s holdings in Materion were worth $27,663,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Maseco LLP purchased a new stake in shares of Materion during the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Materion by 182.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 225 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Materion in the first quarter worth about $34,000. Measured Wealth Private Client Group LLC purchased a new position in Materion in the third quarter worth about $35,000. Finally, Kestra Advisory Services LLC purchased a new position in Materion in the fourth quarter worth about $40,000. 93.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTRN has been the topic of a number of recent research reports. Robert W. Baird assumed coverage on Materion in a research report on Wednesday, April 1st. They set an “outperform” rating on the stock. Weiss Ratings upgraded Materion from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Finally, KeyCorp lifted their target price on Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $237.00.

Materion Trading Down 3.0%

Shares of MTRN opened at $241.23 on Friday. The company’s fifty day simple moving average is $245.86 and its 200-day simple moving average is $187.83. The company has a market cap of $5.02 billion, a P/E ratio of 65.91 and a beta of 1.03. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. Materion Corporation has a twelve month low of $91.62 and a twelve month high of $298.87.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $261.79 million during the quarter, compared to analysts’ expectations of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, analysts expect that Materion Corporation will post 6.45 EPS for the current year.

Materion Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 28th were paid a $0.145 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This is an increase from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a yield of 0.2%. Materion’s payout ratio is 15.85%.

Materion Company 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.