Dover Advisors LLC Makes New $209,000 Investment in Materion Corporation $MTRN

Key Points

• Dover Advisors LLC has made a new investment of approximately $209,000 in Materion Corporation, acquiring 2,638 shares during the 2nd quarter.
• Materion's stock received several upgrades from analysts, with KeyCorp raising its price target to $117.00 and a consensus rating of "Buy".
• The company recently reported earnings of $1.37 EPS for the quarter, surpassing analyst expectations and achieving a revenue increase of 1.4% year-over-year.

Dover Advisors LLC acquired a new position in shares of Materion Corporation (NYSE:MTRN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,638 shares of the basic materials company's stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Inspire Investing LLC grew its stake in Materion by 4.0% in the 1st quarter. Inspire Investing LLC now owns 4,209 shares of the basic materials company's stock valued at $343,000 after buying an additional 160 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Materion by 0.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 23,312 shares of the basic materials company's stock valued at $1,902,000 after purchasing an additional 218 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Materion by 3.2% in the 1st quarter. Victory Capital Management Inc. now owns 8,124 shares of the basic materials company's stock valued at $663,000 after purchasing an additional 250 shares during the last quarter. Snowden Capital Advisors LLC lifted its stake in Materion by 6.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 4,613 shares of the basic materials company's stock valued at $456,000 after purchasing an additional 263 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in Materion by 7.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,735 shares of the basic materials company's stock valued at $305,000 after acquiring an additional 271 shares during the period. Institutional investors and hedge funds own 93.56% of the company's stock.

Insiders Place Their Bets

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $105.17, for a total value of $315,510.00. Following the transaction, the vice president directly owned 10,376 shares of the company's stock, valued at approximately $1,091,243.92. This trade represents a 22.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $105.34, for a total transaction of $120,087.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,295 shares of company stock worth $557,392. 2.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MTRN has been the subject of several recent research reports. KeyCorp upped their price target on shares of 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 shares of Materion from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $117.00.

Materion Trading Down 2.2%

NYSE:MTRN opened at $111.57 on Monday. 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 price-to-earnings ratio of 139.46 and a beta of 0.91. The firm has a fifty day simple moving average of $103.05 and a two-hundred day simple moving average of $88.56. Materion Corporation has a 12 month low of $69.10 and a 12 month high of $123.21.

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

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were 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 was Friday, August 22nd. Materion's dividend payout ratio (DPR) is presently 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.

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