MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $23.59 Million Holdings in Materion Corporation $MTRN

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Materion Corporation by 41.3%, acquiring a total of 289,106 shares valued at approximately $23.6 million.
• Materion's recent earnings report indicated EPS of $1.37, surpassing estimates, and a revenue of $431.66 million, beating expectations by $27.93 million.
• The company declared a quarterly dividend of $0.14 per share, reflecting an annualized yield of 0.5% and a payout ratio of 70%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Materion Corporation (NYSE:MTRN - Free Report) by 41.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 289,106 shares of the basic materials company's stock after buying an additional 84,482 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.39% of Materion worth $23,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted 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 buying an additional 1,885 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Materion in the first quarter worth $201,000. MQS Management LLC bought a new position in shares of Materion in the first quarter worth $212,000. EntryPoint Capital LLC increased its position in shares of Materion by 19.4% in the first quarter. EntryPoint Capital LLC now owns 2,691 shares of the basic materials company's stock worth $220,000 after purchasing an additional 437 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Materion in the first quarter worth $244,000. Institutional investors and hedge funds own 93.56% of the company's stock.

Materion Price Performance

Materion stock traded down $2.47 during midday trading on Friday, reaching $111.57. The company's stock had a trading volume of 90,727 shares, compared to its average volume of 112,525. The stock has a market cap of $2.31 billion, a PE ratio of 139.46 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. The business has a 50-day moving average price of $103.05 and a 200-day moving average price of $88.57. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $123.21.

Materion (NYSE:MTRN - Get Free Report) last released 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 company had revenue of $431.66 million for the quarter, compared to analysts' expectations of $403.73 million. Materion had a return on equity of 12.69% and a net margin of 0.94%.The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 earnings per share. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. On average, sell-side analysts predict that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 22nd. Materion's payout ratio is 70.00%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MTRN shares. Wall Street Zen upgraded Materion from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. KeyCorp raised 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. 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 a consensus price target of $117.00.

Insider Transactions at Materion

In other news, CAO Melissa A. Fashinpaur sold 1,140 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $105.34, for a total transaction of $120,087.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $105.17, for a total value of $315,510.00. Following the sale, the vice president owned 10,376 shares in the company, valued at approximately $1,091,243.92. This trade represents a 22.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,295 shares of company stock worth $557,392. Insiders own 2.60% of the company's stock.

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.