Aberdeen Group plc Raises Stock Holdings in Materion Corporation $MTRN

Key Points

• Aberdeen Group plc increased its stake in Materion Corporation by 17.0% during Q1, owning approximately 248,565 shares worth $20.3 million.
• Insider selling was reported, with VP Gregory R. Chemnitz selling 3,000 shares for over $315,000, representing a 22.43% decrease in his ownership of the stock.
• Materion's quarterly earnings exceeded expectations, reporting $1.37 EPS against an estimated $1.18, with Q1 revenue of $431.66 million against a forecast of $403.73 million.

Aberdeen Group plc boosted its position in shares of Materion Corporation (NYSE:MTRN - Free Report) by 17.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 248,565 shares of the basic materials company's stock after acquiring an additional 36,079 shares during the quarter. Aberdeen Group plc owned 1.19% of Materion worth $20,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Materion by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 103,572 shares of the basic materials company's stock valued at $8,451,000 after acquiring an additional 2,369 shares during the period. GAMMA Investing LLC boosted its holdings in Materion by 722.2% during the 1st quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock valued at $175,000 after acquiring an additional 1,885 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Materion by 7.5% during the 1st 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 acquiring an additional 47,240 shares during the period. SG Americas Securities LLC purchased a new position in Materion during the 1st quarter valued at about $714,000. Finally, Teacher Retirement System of Texas acquired a new stake in Materion in the 1st quarter valued at about $248,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Stock Up 3.6%

MTRN stock traded up $3.9110 during trading on Friday, hitting $113.5010. 146,028 shares of the company's stock were exchanged, compared to its average volume of 241,128. The business has a 50-day moving average price of $93.85 and a two-hundred day moving average price of $87.21. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 141.88 and a beta of 0.85. Materion Corporation has a 52-week low of $69.10 and a 52-week high of $123.21. The company has a current ratio of 3.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46.

Materion (NYSE:MTRN - Get Free Report) last posted 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. The firm had revenue of $431.66 million during the quarter, compared to analysts' expectations of $403.73 million. Materion had a return on equity of 12.69% and a net margin of 0.94%.The firm's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 earnings per share. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, equities research analysts expect that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

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

Insider Buying and Selling

In related news, Director N Mohan Reddy sold 1,155 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $105.45, for a total transaction of $121,794.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory R. Chemnitz sold 3,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were 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 approximately $1,091,243.92. This represents a 22.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,295 shares of company stock worth $557,392 over the last 90 days. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

MTRN has been the topic of a number of analyst reports. KeyCorp increased 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. Wall Street Zen raised Materion from a "hold" rating to a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $117.00.

Materion Company Profile

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.