ACK Asset Management LLC lowered its position in Materion Corporation (NYSE:MTRN - Free Report) by 71.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,000 shares of the basic materials company's stock after selling 339,800 shares during the period. Materion comprises 4.7% of ACK Asset Management LLC's holdings, making the stock its 10th largest position. ACK Asset Management LLC owned 0.65% of Materion worth $40,148,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in MTRN. AQR Capital Management LLC acquired a new position in shares of Materion during the first quarter worth about $201,000. Millennium Management LLC lifted its position in shares of Materion by 54.1% in the first quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company's stock worth $7,280,000 after purchasing an additional 31,305 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Materion during the 1st quarter worth about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Materion by 12.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company's stock worth $4,410,000 after buying an additional 5,894 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Materion by 44.9% during the 1st quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company's stock worth $2,882,000 after buying an additional 10,940 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.
Insider Buying and Selling
In other news, CEO Jugal K. Vijayvargiya sold 24,336 shares of Materion stock in a transaction on Friday, August 7th. The stock was sold at an average price of $291.62, for a total value of $7,096,864.32. Following the transaction, the chief executive officer owned 116,699 shares in the company, valued at approximately $34,031,762.38. This trade represents a 17.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,705 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $293.00, for a total transaction of $499,565.00. Following the completion of the transaction, the chief financial officer directly owned 15,246 shares of the company's stock, valued at $4,467,078. This trade represents a 10.06% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.80% of the company's stock.
Materion Trading Down 0.2%
Shares of MTRN stock opened at $231.55 on Monday. The firm has a 50 day moving average price of $257.89 and a two-hundred day moving average price of $203.91. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.82 billion, a PE ratio of 53.97 and a beta of 1.07. Materion Corporation has a 12-month low of $107.72 and a 12-month high of $304.58.
Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.38. Materion had a return on equity of 13.38% and a net margin of 4.29%.The business had revenue of $308.19 million during the quarter, compared to analysts' expectations of $549.82 million. During the same period last year, the firm posted $1.37 EPS. The firm's revenue for the quarter was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, analysts predict that Materion Corporation will post 7.06 earnings per share for the current year.
Materion Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Materion's dividend payout ratio is 13.52%.
Wall Street Analyst Weigh In
MTRN has been the topic of several analyst reports. Wall Street Zen upgraded Materion from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. KeyCorp boosted their price target on Materion from $237.00 to $306.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of Materion from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of Materion from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $306.00.
View Our Latest Stock Analysis on Materion
Materion Company Profile
(
Free Report)
Materion Corporation NYSE: MTRN is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion's offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.
Materion's core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.
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