Materion Corporation $MTRN Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC has increased its holdings in Materion Corporation (NYSE:MTRN) by 67.6%, acquiring an additional 49,217 shares, bringing their total ownership to 122,009 shares valued at approximately $9.96 million.
• Several institutional investors have also adjusted their positions in Materion, with 93.56% of the company's stock now owned by institutional investors.
• Analysts have raised their price targets for Materion, with KeyCorp increasing it to $117.00 and a consensus rating of "Buy" for the company.

Intech Investment Management LLC increased its stake in Materion Corporation (NYSE:MTRN - Free Report) by 67.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,009 shares of the basic materials company's stock after buying an additional 49,217 shares during the period. Intech Investment Management LLC owned 0.59% of Materion worth $9,956,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Materion in the first quarter worth about $34,000. GAMMA Investing LLC raised its stake in Materion by 722.2% in the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock worth $175,000 after buying an additional 1,885 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Materion during the first quarter valued at approximately $201,000. MQS Management LLC bought a new position in shares of Materion during the first quarter valued at approximately $212,000. Finally, EntryPoint Capital LLC increased its stake in shares of Materion by 19.4% during the first quarter. EntryPoint Capital LLC now owns 2,691 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 437 shares in the last quarter. 93.56% of the stock is owned by institutional investors.

Materion Stock Performance

MTRN stock traded down $2.47 on Friday, hitting $111.57. The company had a trading volume of 90,727 shares, compared to its average volume of 112,525. Materion Corporation has a 12-month low of $69.10 and a 12-month high of $123.21. 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's 50-day simple moving average is $103.05 and its 200 day simple moving average is $88.57. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 139.46 and a beta of 0.91.

Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.19. The business had revenue of $431.66 million for 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 company's revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 EPS. 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 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 payout ratio is currently 70.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MTRN shares. KeyCorp raised their target price on shares of Materion from $115.00 to $117.00 and gave the company an "overweight" rating in a research note 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, 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 a consensus price target of $117.00.

Insider Transactions at Materion

In other news, VP Gregory R. Chemnitz sold 3,000 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $105.17, for a total value of $315,510.00. Following the sale, the vice president directly owned 10,376 shares in the company, valued at $1,091,243.92. The trade was a 22.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director N Mohan Reddy sold 1,155 shares of Materion stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $105.45, for a total transaction of $121,794.75. The disclosure for this sale can be found here. Insiders have sold a total of 5,295 shares of company stock worth $557,392 in the last three months. Insiders own 2.60% of the company's stock.

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.