Allianz Asset Management GmbH Purchases New Holdings in Materion Corporation $MTRN

Allianz Asset Management GmbH acquired a new position in shares of Materion Corporation (NYSE:MTRN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,512 shares of the basic materials company's stock, valued at approximately $7,884,000. Allianz Asset Management GmbH owned approximately 0.13% of Materion at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. California State Teachers Retirement System grew its stake in shares of Materion by 28,829.4% in the second quarter. California State Teachers Retirement System now owns 7,120,111 shares of the basic materials company's stock worth $2,117,450,000 after acquiring an additional 7,095,499 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Materion in the 2nd quarter worth about $1,032,985,000. State Street Corp raised its position in shares of Materion by 28.0% in the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company's stock worth $103,098,000 after purchasing an additional 283,998 shares during the last quarter. Trigran Investments Inc. boosted its stake in Materion by 0.5% in the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company's stock worth $63,397,000 after purchasing an additional 3,982 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Materion in the 2nd quarter worth about $132,656,000. Hedge funds and other institutional investors own 93.56% of the company's stock.

Analyst Upgrades and Downgrades

MTRN has been the topic of several analyst reports. KeyCorp upped their price objective on Materion from $237.00 to $306.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Jefferies Financial Group initiated coverage on Materion in a report on Wednesday, September 2nd. They issued a "buy" rating and a $314.00 target price for the company. Wall Street Zen raised Materion from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Zacks Research raised Materion from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Materion from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 24th. One equities research 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $310.00.

Materion Stock Performance

Shares of MTRN opened at $255.35 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $249.53 and a two-hundred day simple moving average of $211.22. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 59.52 and a beta of 1.08. Materion Corporation has a 52 week low of $108.28 and a 52 week high of $304.58.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.52 by $0.38. The firm had revenue of $308.19 million for the quarter, compared to the consensus estimate of $549.82 million. Materion had a return on equity of 13.38% and a net margin of 4.29%.The business's revenue for the quarter was up 42.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. On average, analysts expect that Materion Corporation will post 7.06 EPS for the current year.

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, August 20th were paid a $0.145 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. Materion's dividend payout ratio is 13.52%.

Insiders Place Their Bets

In related news, CFO Shelly Chadwick sold 1,705 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $293.00, for a total value of $499,565.00. Following the transaction, the chief financial officer directly owned 15,246 shares of the company's stock, valued at approximately $4,467,078. The trade was a 10.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jugal Vijayvargiya sold 24,336 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $291.62, for a total value of $7,096,864.32. Following the completion of the transaction, the chief executive officer owned 116,699 shares of the company's stock, valued at $34,031,762.38. The trade was a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,053 shares of company stock worth $8,301,958 over the last quarter. Company insiders own 2.80% of the company's stock.

About Materion

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.