Materion Corporation $MTRN Shares Purchased by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC increased its stake in Materion Corporation by 8.3% in Q1, bringing its total holdings to 55,252 shares valued at approximately $4.5 million.
• Insider trading activity saw VP Gregory R. Chemnitz sell 3,000 shares of Materion stock, representing a 22.43% decrease in their position.
• Materion recently announced a quarterly dividend of $0.14 per share, with a yield of 0.5%, payable to shareholders of record on August 22nd.

HighTower Advisors LLC grew its position in Materion Corporation (NYSE:MTRN - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,252 shares of the basic materials company's stock after buying an additional 4,212 shares during the period. HighTower Advisors LLC owned 0.27% of Materion worth $4,509,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MTRN. LPL Financial LLC grew its stake in shares of Materion by 6.9% in the 4th quarter. LPL Financial LLC now owns 3,740 shares of the basic materials company's stock valued at $370,000 after buying an additional 241 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of Materion by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company's stock worth $213,000 after purchasing an additional 137 shares during the period. Barclays PLC boosted its position in shares of Materion by 7.9% during the 4th 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 boosted its position in shares of Materion by 209.6% during the 4th 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. Finally, MetLife Investment Management LLC boosted its position in shares of Materion by 7.3% during the 4th 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. Hedge funds and other institutional investors own 93.56% of the company's stock.

Insider Activity

In other news, Director N Mohan Reddy sold 1,155 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $105.45, for a total value of $121,794.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $315,510.00. Following the completion of the sale, 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 three months, insiders have sold 5,295 shares of company stock worth $557,392. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MTRN has been the subject of a number of research analyst reports. KeyCorp increased their price objective on shares of 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 raised shares of Materion from a "hold" rating to a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Materion presently has a consensus rating of "Buy" and an average price target of $117.00.

Materion Stock Down 0.8%

Materion stock traded down $0.90 during mid-day trading on Tuesday, reaching $110.99. 119,855 shares of the company's stock were exchanged, compared to its average volume of 232,959. The company has a market cap of $2.30 billion, a P/E ratio of 138.73 and a beta of 0.85. Materion Corporation has a twelve month low of $69.10 and a twelve month high of $123.21. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $95.16 and a 200-day moving average of $87.36.

Materion (NYSE:MTRN - Get Free Report) last released its earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.19. The company had revenue of $431.66 million for 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 firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 EPS. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. Sell-side analysts expect that Materion Corporation will post 5.5 EPS for the current year.

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 22nd. Materion's dividend payout ratio (DPR) is presently 70.00%.

Materion Company 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.