Algert Global LLC Buys Shares of 3,340 Materion Corporation $MTRN

Key Points

• Algert Global LLC purchased a new stake of 3,340 shares in Materion Corporation (NYSE:MTRN), valued at approximately $273,000, as revealed in a recent 13F filing.
• Materion's latest quarterly earnings showed an EPS of $1.37, exceeding expectations of $1.18, with a revenue increase of 1.4% year-over-year to $431.66 million.
• The company announced a quarterly dividend of $0.14 per share, representing an annualized yield of 0.5%, set to be paid on September 5th.

Algert Global LLC bought a new stake in Materion Corporation (NYSE:MTRN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,340 shares of the basic materials company's stock, valued at approximately $273,000.

Other hedge funds have also recently made changes to their positions in the company. Trigran Investments Inc. grew its position in shares of Materion by 7.7% in the first quarter. Trigran Investments Inc. now owns 794,765 shares of the basic materials company's stock valued at $64,853,000 after purchasing an additional 56,935 shares in the last quarter. American Century Companies Inc. grew its position in shares of Materion by 101.5% in the first quarter. American Century Companies Inc. now owns 73,985 shares of the basic materials company's stock valued at $6,037,000 after purchasing an additional 37,268 shares in the last quarter. Aberdeen Group plc grew its position in shares of Materion by 17.0% in the first quarter. Aberdeen Group plc now owns 248,565 shares of the basic materials company's stock valued at $20,283,000 after purchasing an additional 36,079 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Materion by 17.5% in the first quarter. Neuberger Berman Group LLC now owns 5,078 shares of the basic materials company's stock valued at $414,000 after purchasing an additional 756 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Materion by 10.8% in the first quarter. Russell Investments Group Ltd. now owns 7,257 shares of the basic materials company's stock valued at $592,000 after purchasing an additional 710 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director N Mohan Reddy sold 1,155 shares of the business'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $105.34, for a total value of $120,087.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,295 shares of company stock valued at $557,392. Insiders own 2.60% of the company's stock.

Materion Price Performance

MTRN opened at $111.6450 on Tuesday. The stock has a 50-day moving average price of $94.49 and a 200-day moving average price of $87.20. Materion Corporation has a 12-month low of $69.10 and a 12-month 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. The stock has a market capitalization of $2.31 billion, a P/E ratio of 139.56 and a beta of 0.85.

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

Materion Dividend Announcement

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 paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 22nd. Materion's payout ratio is 70.00%.

Analyst Upgrades and Downgrades

MTRN has been the subject of several recent research reports. KeyCorp lifted 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 upgraded Materion from a "hold" rating to a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Materion currently has a consensus rating of "Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.