HighTower Advisors LLC Lowers Position in Materion Corporation $MTRN

HighTower Advisors LLC decreased its holdings in shares of Materion Corporation (NYSE:MTRN) by 40.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,999 shares of the basic materials company’s stock after selling 26,276 shares during the period. HighTower Advisors LLC’s holdings in Materion were worth $11,598,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Materion by 182.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Materion during the 2nd quarter valued at about $32,000. Jones Financial Companies Lllp bought a new stake in shares of Materion during the 1st quarter valued at about $34,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Materion during the third quarter worth about $35,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Materion in the fourth quarter worth approximately $40,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Stock Performance

NYSE:MTRN opened at $254.08 on Thursday. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 59.23 and a beta of 1.08. The business has a 50 day moving average of $248.97 and a 200 day moving average of $211.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.29. Materion Corporation has a 1-year low of $109.25 and a 1-year high of $304.58.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. The business had revenue of $308.19 million for the quarter, compared to analysts’ expectations of $549.82 million. Materion had a net margin of 4.29% and a return on equity of 13.38%. The business’s quarterly revenue was up 42.2% on a year-over-year basis. During the same period last year, the business earned $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. On average, sell-side analysts predict that Materion Corporation will post 7.06 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Thursday, August 20th were given a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, August 20th. Materion’s dividend payout ratio (DPR) is presently 13.52%.

Insider Buying and Selling at Materion

In other Materion news, CEO Jugal Vijayvargiya sold 24,336 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $291.62, for a total transaction of $7,096,864.32. Following the completion of the sale, the chief executive officer directly owned 116,699 shares in the company, valued at $34,031,762.38. This represents a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Vinod Khilnani sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $235.16, for a total value of $470,320.00. Following the transaction, the director directly owned 11,171 shares in the company, valued at $2,626,972.36. This trade represents a 15.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 29,053 shares of company stock valued at $8,301,958. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MTRN shares. Zacks Research raised shares of Materion from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Jefferies Financial Group assumed coverage on shares of Materion in a report on Wednesday, September 2nd. They issued a “buy” rating and a $314.00 price target on the stock. Weiss Ratings upgraded shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 24th. KeyCorp lifted their price objective on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $310.00.

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.