Invesco Ltd. Sells 5,003 Shares of Materion Corporation $MTRN

Key Points

• Invesco Ltd. reduced its stake in Materion Corporation by 7.3%, selling 5,003 shares to hold approximately 63,504 shares worth around $5.18 million.
• Several hedge funds, including Vaughan Nelson and Charles Schwab, increased their positions in Materion, with Vaughan Nelson lifting its stake by 7.5% in the first quarter.
• Materion Corporation has received a recent upgrade to a "buy" rating by Wall Street Zen, and the stock has an average target price of $117.00 according to analysts.

Invesco Ltd. trimmed its position in Materion Corporation (NYSE:MTRN - Free Report) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,504 shares of the basic materials company's stock after selling 5,003 shares during the quarter. Invesco Ltd. owned approximately 0.31% of Materion worth $5,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Materion by 7.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company's stock valued at $54,917,000 after acquiring an additional 47,240 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Materion by 6.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company's stock valued at $46,830,000 after purchasing an additional 30,262 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Materion by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 268,644 shares of the basic materials company's stock valued at $21,921,000 after purchasing an additional 4,447 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Materion by 5.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 204,624 shares of the basic materials company's stock valued at $20,233,000 after purchasing an additional 11,201 shares during the period. Finally, GAMMA Investing LLC boosted its position in Materion by 66,993.5% during the 1st quarter. GAMMA Investing LLC now owns 175,114 shares of the basic materials company's stock worth $14,289,000 after acquiring an additional 174,853 shares during the period. 93.56% of the stock is currently owned by institutional investors.

Materion Trading Down 0.3%

Shares of Materion stock traded down $0.33 on Tuesday, reaching $110.47. 93,071 shares of the company were exchanged, compared to its average volume of 154,965. The stock has a fifty day moving average price of $98.43 and a 200-day moving average price of $87.76. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 138.08 and a beta of 0.91. 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 fifty-two week low of $69.10 and a fifty-two week 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 (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 return on equity of 12.69% and a net margin of 0.94%.Materion's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 earnings per share. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. On average, analysts expect that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 22nd. Materion's payout ratio is presently 70.00%.

Insider Activity at Materion

In related news, Director N Mohan Reddy sold 1,155 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $105.45, for a total transaction of $121,794.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the vice president owned 10,376 shares in the company, valued at $1,091,243.92. This trade represents a 22.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,295 shares of company stock valued at $557,392. Company insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. KeyCorp boosted their price target 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus 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.