American Century Companies Inc. Acquires 37,268 Shares of Materion Corporation $MTRN

Key Points

• American Century Companies Inc. increased its stake in Materion Corporation by 101.5%, purchasing an additional 37,268 shares to own a total of 73,985 shares valued at approximately $6 million.
• Materion Corporation reported quarterly earnings of $1.37 per share, exceeding analysts' estimates of $1.18, with revenues reaching approximately $431.66 million.
• The company will pay a quarterly dividend of $0.14 per share on September 5th, representing a 0.5% dividend yield and a dividend payout ratio of 70%.

American Century Companies Inc. increased its position in shares of Materion Corporation (NYSE:MTRN - Free Report) by 101.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,985 shares of the basic materials company's stock after purchasing an additional 37,268 shares during the period. American Century Companies Inc. owned about 0.36% of Materion worth $6,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MTRN. First Trust Advisors LP increased its position in shares of Materion by 209.6% during the fourth quarter. First Trust Advisors LP now owns 13,717 shares of the basic materials company's stock valued at $1,356,000 after purchasing an additional 9,286 shares during the period. MetLife Investment Management LLC boosted its stake in Materion by 7.3% in the fourth quarter. MetLife Investment Management LLC now owns 12,584 shares of the basic materials company's stock worth $1,244,000 after purchasing an additional 853 shares in the last quarter. Stifel Financial Corp boosted its stake in Materion by 0.5% in the fourth quarter. Stifel Financial Corp now owns 35,873 shares of the basic materials company's stock worth $3,547,000 after purchasing an additional 193 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Materion by 9.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,873 shares of the basic materials company's stock worth $1,471,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Materion in the fourth quarter worth $314,000. 93.56% of the stock is currently owned by institutional investors.

Insider Activity at Materion

In other Materion news, CAO Melissa A. Fashinpaur sold 1,140 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $105.34, for a total value of $120,087.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of the 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 trade represents a 22.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,295 shares of company stock worth $557,392. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

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

Materion Trading Down 1.7%

NYSE MTRN traded down $1.89 on Wednesday, reaching $108.51. The company had a trading volume of 109,768 shares, compared to its average volume of 154,965. The stock's 50 day moving average is $99.01 and its 200-day moving average is $87.91. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 135.64 and a beta of 0.91. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $123.21.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.19. The business had revenue of $431.66 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.42 earnings per share. 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 year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 22nd. Materion's dividend payout ratio is currently 70.00%.

Materion 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.