Gabelli Funds LLC Buys New Position in Materion Corporation $MTRN

Key Points

• Gabelli Funds LLC has made a new investment of approximately $367,000 in Materion Corporation by acquiring 4,500 shares during the 1st quarter.
• The company recently reported earnings per share (EPS) of $1.37, exceeding analyst expectations of $1.18, with revenue of $431.66 million for the last quarter.
• Materion has declared a quarterly dividend of $0.14 per share, with an annualized yield of 0.5%, which will be distributed on September 5th to shareholders of record.

Gabelli Funds LLC acquired a new position in shares of Materion Corporation (NYSE:MTRN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,500 shares of the basic materials company's stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MTRN. GAMMA Investing LLC grew its holdings in shares of Materion by 722.2% during the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock worth $175,000 after purchasing an additional 1,885 shares in the last quarter. MQS Management LLC bought a new stake in Materion in the 1st quarter worth approximately $212,000. EntryPoint Capital LLC lifted its position in Materion by 19.4% in the 1st quarter. EntryPoint Capital LLC now owns 2,691 shares of the basic materials company's stock worth $220,000 after buying an additional 437 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Materion in the 1st quarter worth approximately $244,000. Finally, Teacher Retirement System of Texas bought a new stake in Materion in the 1st quarter worth approximately $248,000. Hedge funds and other institutional investors own 93.56% of the company's stock.

Materion Trading Up 1.2%

MTRN stock traded up $1.29 during midday trading on Friday, hitting $112.25. The company had a trading volume of 121,703 shares, compared to its average volume of 134,342. The company has a current ratio of 3.17, a quick ratio of 1.25 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. The stock's 50 day moving average price is $100.25 and its 200 day moving average price is $87.98. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 140.31 and a beta of 0.91.

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

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a $0.14 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.5%. Materion's payout ratio is presently 70.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MTRN shares. KeyCorp boosted their target price on Materion from $115.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded 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, Based on data from MarketBeat, Materion currently has a consensus rating of "Buy" and an average target price of $117.00.

Insider Buying and Selling at Materion

In other Materion news, CAO Melissa A. Fashinpaur sold 1,140 shares of the business's stock in a transaction that occurred on 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 is accessible through this hyperlink. Also, Director N Mohan Reddy sold 1,155 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $105.45, for a total value of $121,794.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,295 shares of company stock worth $557,392. 2.60% of the stock is currently owned by insiders.

About Materion

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.