Gamco Investors INC. ET AL Cuts Position in Materion Corporation $MTRN

Key Points

• Gamco Investors INC. ET AL reduced its holdings in Materion Corporation by 1.6%, now owning approximately 187,750 shares valued at $15.3 million.
• Materion reported earnings of $1.37 per share, surpassing analysts' expectations, with quarterly revenue of $431.66 million.
• The company has announced a quarterly dividend of $0.14 per share, reflecting a 0.5% yield and a payout ratio of 70%.

Gamco Investors INC. ET AL lessened its holdings in Materion Corporation (NYSE:MTRN - Free Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,750 shares of the basic materials company's stock after selling 3,000 shares during the quarter. Gamco Investors INC. ET AL owned about 0.90% of Materion worth $15,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTRN. Barclays PLC grew its holdings in Materion by 7.9% in the fourth quarter. Barclays PLC now owns 37,631 shares of the basic materials company's stock worth $3,721,000 after purchasing an additional 2,754 shares during the period. First Trust Advisors LP grew its holdings in Materion by 209.6% in the fourth quarter. First Trust Advisors LP now owns 13,717 shares of the basic materials company's stock worth $1,356,000 after purchasing an additional 9,286 shares during the period. MetLife Investment Management LLC grew its holdings in Materion by 7.3% in the fourth quarter. MetLife Investment Management LLC now owns 12,584 shares of the basic materials company's stock worth $1,244,000 after purchasing an additional 853 shares during the period. Stifel Financial Corp grew its holdings in shares of Materion by 0.5% during the fourth quarter. Stifel Financial Corp now owns 35,873 shares of the basic materials company's stock valued at $3,547,000 after buying an additional 193 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Materion by 9.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,873 shares of the basic materials company's stock valued at $1,471,000 after buying an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company's stock.

Materion Price Performance

Shares of MTRN opened at $110.99 on Wednesday. The firm has a market cap of $2.30 billion, a PE ratio of 138.73 and a beta of 0.85. 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 firm has a fifty day simple moving average of $95.16 and a two-hundred day simple moving average of $87.36. Materion Corporation has a 1-year low of $69.10 and a 1-year high of $123.21.

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

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. Materion's payout ratio is currently 70.00%.

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 on Monday, August 4th. The shares were sold at an average price of $105.34, for a total transaction of $120,087.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $105.17, for a total transaction of $315,510.00. Following the completion of the transaction, the vice president owned 10,376 shares in the company, valued at $1,091,243.92. The trade was a 22.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,295 shares of company stock worth $557,392. Insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MTRN. KeyCorp increased their price target on shares of Materion from $115.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Materion from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $117.00.

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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