Fisher Asset Management LLC Sells 8,432 Shares of Materion Corporation $MTRN

Key Points

• Fisher Asset Management trimmed its Materion stake by 5.7% in the fourth quarter, selling 8,432 shares and ending with 140,265 shares valued at about $17.4 million.
• Insiders also sold shares, including CFO Shelly Marie Chadwick and VP Gregory R. Chemnitz, with total insider sales of 7,365 shares worth about $1.17 million over the past 90 days.
• Materion posted better-than-expected quarterly earnings of $1.27 per share, raised its quarterly dividend to $0.145 per share, and received a consensus analyst rating of Moderate Buy with a target price of $223.

Fisher Asset Management LLC cut its stake in Materion Corporation (NYSE:MTRN - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,265 shares of the basic materials company's stock after selling 8,432 shares during the period. Fisher Asset Management LLC owned about 0.68% of Materion worth $17,438,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Pinnacle Associates Ltd. lifted its stake in Materion by 0.7% in the third quarter. Pinnacle Associates Ltd. now owns 13,045 shares of the basic materials company's stock worth $1,576,000 after acquiring an additional 95 shares during the period. GAMMA Investing LLC lifted its stake in Materion by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 604 shares of the basic materials company's stock worth $75,000 after acquiring an additional 110 shares during the period. State of Alaska Department of Revenue lifted its stake in Materion by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 11,356 shares of the basic materials company's stock worth $1,411,000 after acquiring an additional 126 shares during the period. Hantz Financial Services Inc. lifted its stake in Materion by 69.8% in the fourth quarter. Hantz Financial Services Inc. now owns 360 shares of the basic materials company's stock worth $45,000 after acquiring an additional 148 shares during the period. Finally, Cerity Partners LLC lifted its stake in Materion by 5.5% in the second quarter. Cerity Partners LLC now owns 3,582 shares of the basic materials company's stock worth $284,000 after acquiring an additional 187 shares during the period. 93.56% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Shelly Marie Chadwick sold 2,539 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $160.06, for a total transaction of $406,392.34. Following the transaction, the chief financial officer owned 15,243 shares in the company, valued at $2,439,794.58. This represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gregory R. Chemnitz sold 4,517 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $157.32, for a total transaction of $710,614.44. Following the transaction, the vice president owned 5,930 shares in the company, valued at approximately $932,907.60. This trade represents a 43.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,365 shares of company stock worth $1,166,447 over the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

Materion Stock Performance

MTRN stock opened at $221.71 on Thursday. Materion Corporation has a one year low of $73.61 and a one year high of $227.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 60.58 and a beta of 1.03. The firm has a 50-day simple moving average of $175.04 and a two-hundred day simple moving average of $149.92.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The firm had revenue of $261.79 million for the quarter, compared to the consensus estimate of $479.03 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company's revenue for the quarter was up 30.8% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, equities analysts forecast that Materion Corporation will post 6.48 EPS for the current fiscal year.

Materion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 28th will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.3%. This is an increase from Materion's previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 28th. Materion's dividend payout ratio is currently 15.30%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MTRN shares. Robert W. Baird started coverage on shares of Materion in a research note on Wednesday, April 1st. They issued an "outperform" rating for the company. Wall Street Zen lowered shares of Materion from a "buy" rating to a "hold" rating in a research note on Sunday, March 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Materion in a research note on Wednesday, May 13th. Finally, KeyCorp upped their price objective on shares of Materion from $185.00 to $223.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $223.00.

Materion Company 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.

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