Bank of America Corp DE Invests $51.48 Million in Materion Corporation $MTRN

Key Points

• Bank of America initiated a $51.48 million Materion stake, purchasing 173,108 shares, while institutional investors collectively owned 93.56% of the company.
• Materion reported quarterly EPS of $1.90, exceeding estimates of $1.52, with revenue rising 42.2% year over year. The company issued fiscal 2026 EPS guidance of $6.80–$7.20.
• Analyst sentiment is broadly positive, with a consensus “Buy” rating and an average price target of $310 versus the stock’s reported $251.78 price. However, insiders sold approximately $8.3 million worth of shares over the past 90 days.

Bank of America Corp DE bought a new stake in Materion Corporation (NYSE:MTRN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 173,108 shares of the basic materials company's stock, valued at approximately $51,481,000. Bank of America Corp DE owned 0.83% of Materion at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new stake in Materion in the second quarter valued at approximately $32,000. Allworth Financial LP bought a new position in shares of Materion in the 2nd quarter worth $52,000. Hantz Financial Services Inc. lifted its holdings in shares of Materion by 69.8% in the 4th quarter. Hantz Financial Services Inc. now owns 360 shares of the basic materials company's stock worth $45,000 after purchasing an additional 148 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Materion by 22.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the basic materials company's stock valued at $57,000 after purchasing an additional 72 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Materion in the 2nd quarter valued at $208,000. 93.56% of the stock is owned by institutional investors.

Insider Buying and Selling at Materion

In related news, CEO Jugal K. Vijayvargiya sold 24,336 shares of Materion stock in a transaction that occurred on Friday, August 7th. The shares were 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 directly owned 116,699 shares in the company, valued at approximately $34,031,762.38. The trade was a 17.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vinod M. Khilnani sold 2,000 shares of the business's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $235.16, for a total transaction of $470,320.00. Following the sale, the director directly owned 11,171 shares in the company, valued at $2,626,972.36. The trade was a 15.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 29,053 shares of company stock worth $8,301,958 over the last ninety days. Company insiders own 2.80% of the company's stock.

Materion Trading Up 0.1%

Shares of MTRN stock opened at $251.78 on Monday. Materion Corporation has a 52-week low of $109.61 and a 52-week high of $304.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.29 and a current ratio of 2.94. The company has a 50-day simple moving average of $247.66 and a two-hundred day simple moving average of $216.43. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 58.69 and a beta of 1.08.

Materion (NYSE:MTRN - Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. The company had revenue of $308.19 million during the quarter, compared to analyst estimates of $549.82 million. Materion had a return on equity of 13.38% and a net margin of 4.29%.Materion's quarterly revenue was up 42.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Research analysts anticipate that Materion Corporation will post 7.04 EPS for the current fiscal year.

Materion Dividend Announcement

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

Wall Street Analyst Weigh In

MTRN has been the topic of a number of recent research reports. KeyCorp raised their price objective on shares of Materion from $237.00 to $306.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Weiss Ratings lowered shares of Materion from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, September 10th. Jefferies Financial Group started coverage on shares of Materion in a report on Wednesday, September 2nd. They issued a "buy" rating and a $314.00 target price on the stock. Zacks Research raised shares of Materion from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded Materion from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $310.00.

Materion Company Profile

Materion Corporation is an advanced materials company that develops, manufactures and supplies engineered materials for demanding industrial and technology applications. Its portfolio includes specialty metals and alloys, thin-film deposition materials, precious and non-precious metal products, beryllium-based materials, specialty chemicals and precision optics.

The company's products are used in semiconductor manufacturing, aerospace and defense, medical technology, telecommunications, automotive systems, energy and other industrial markets.

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