Deutsche Bank AG Acquires New Holdings in Materion Corporation $MTRN

Deutsche Bank AG bought a new position in Materion Corporation (NYSE:MTRN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,354 shares of the basic materials company's stock, valued at approximately $7,540,000. Deutsche Bank AG owned about 0.12% of Materion at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company's stock valued at $103,098,000 after buying an additional 283,998 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Materion in the 2nd quarter worth $49,060,000. Raymond James Financial Inc. boosted its stake in shares of Materion by 187.4% in the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company's stock worth $20,199,000 after buying an additional 109,017 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Materion by 313.6% in the second quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company's stock worth $6,510,000 after acquiring an additional 62,187 shares during the period. Finally, Concentric Capital Strategies LP bought a new stake in shares of Materion in the fourth quarter worth $7,650,000. Hedge funds and other institutional investors own 93.56% of the company's stock.

Materion Trading Down 0.2%

Shares of Materion stock opened at $231.55 on Monday. Materion Corporation has a 1-year low of $107.72 and a 1-year high of $304.58. The company's fifty day simple moving average is $257.89 and its 200-day simple moving average is $203.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.29. The stock has a market capitalization of $4.82 billion, a PE ratio of 53.97 and a beta of 1.07.

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. Materion had a return on equity of 13.38% and a net margin of 4.29%.The firm had revenue of $308.19 million during the quarter, compared to analyst estimates of $549.82 million. During the same period in the prior year, the business posted $1.37 EPS. Materion's revenue was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, equities analysts anticipate that Materion Corporation will post 7.06 earnings per share for the current year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be given a $0.145 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.58 dividend on an annualized basis and a yield of 0.3%. Materion's dividend payout ratio is presently 13.52%.

Insider Transactions at Materion

In other news, CFO Shelly Marie Chadwick sold 1,705 shares of Materion stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $293.00, for a total transaction of $499,565.00. Following the transaction, the chief financial officer directly owned 15,246 shares of the company's stock, valued at $4,467,078. The trade was a 10.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jugal K. Vijayvargiya sold 24,336 shares of the business's 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 transaction, the chief executive officer owned 116,699 shares of the company's stock, valued at approximately $34,031,762.38. This trade represents a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.80% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on MTRN shares. Weiss Ratings cut Materion from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 7th. KeyCorp raised their target price on Materion from $237.00 to $306.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Zacks Research upgraded Materion from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Materion from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $306.00.

Materion Profile

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source