3,846 Shares in Materion Corporation $MTRN Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired a new stake in Materion Corporation, purchasing 3,846 shares valued at approximately $314,000 in the first quarter.
• Materion recently reported quarterly earnings per share of $1.37, exceeding estimates, and announced a $0.14 quarterly dividend with a payout ratio of 70%.
• Wall Street analysts upgraded Materion's rating to "buy" and adjusted its target price to $117.00, reflecting optimism about the company's growth prospects.

Quantbot Technologies LP bought a new stake in Materion Corporation (NYSE:MTRN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,846 shares of the basic materials company's stock, valued at approximately $314,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Materion by 2.3% in the first quarter. Principal Financial Group Inc. now owns 103,572 shares of the basic materials company's stock valued at $8,451,000 after purchasing an additional 2,369 shares during the last quarter. GAMMA Investing LLC increased its stake in Materion by 722.2% in the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock valued at $175,000 after purchasing an additional 1,885 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Materion by 7.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company's stock valued at $54,917,000 after purchasing an additional 47,240 shares during the last quarter. SG Americas Securities LLC acquired a new position in Materion in the first quarter valued at $714,000. Finally, Teacher Retirement System of Texas acquired a new position in Materion in the first quarter valued at $248,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Materion

In other news, VP Gregory R. Chemnitz sold 3,000 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $105.17, for a total value of $315,510.00. Following the completion of the sale, the vice president owned 10,376 shares of the company's stock, valued at $1,091,243.92. This represents a 22.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director N Mohan Reddy sold 1,155 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $105.45, for a total value of $121,794.75. The disclosure for this sale can be found here. Insiders sold 5,295 shares of company stock valued at $557,392 over the last quarter. Company insiders own 2.60% of the company's stock.

Materion Trading Down 0.3%

MTRN stock traded down $0.33 during trading on Tuesday, reaching $110.47. 93,071 shares of the stock traded hands, compared to its average volume of 154,965. The business's 50 day moving average price is $98.43 and its 200-day moving average price is $87.76. Materion Corporation has a 52-week low of $69.10 and a 52-week high of $123.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.17 and a quick ratio of 1.25. The firm has a market capitalization of $2.29 billion, a PE ratio of 138.08 and a beta of 0.91.

Materion (NYSE:MTRN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.19. Materion had a return on equity of 12.69% and a net margin of 0.94%.The company had revenue of $431.66 million during the quarter, compared to the consensus estimate of $403.73 million. During the same quarter in the prior year, the business earned $1.42 earnings per share. The company's revenue was up 1.4% compared to the same quarter last year. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, sell-side analysts forecast that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. Materion's dividend payout ratio is presently 70.00%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen upgraded Materion from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. KeyCorp boosted their price target on Materion from $115.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $117.00.

About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.