Materion Corporation $MTRN Shares Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management cut its Materion stake by 47% in the third quarter, selling 106,927 shares and retaining 120,742 shares valued at about $32.6 million. Institutional investors collectively own 93.56% of MTRN.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $310. Jefferies initiated coverage with a Buy rating and a $314 target, while Zacks downgraded the stock to Hold.
• Materion exceeded quarterly EPS expectations, reporting $1.90 versus the $1.52 consensus, while revenue rose 42.2% year over year. The company pays a quarterly dividend of $0.145 per share, and insiders have sold about $8.3 million of stock over the past 90 days.

Copeland Capital Management LLC trimmed its holdings in shares of Materion Corporation (NYSE:MTRN - Free Report) by 47.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,742 shares of the basic materials company's stock after selling 106,927 shares during the quarter. Copeland Capital Management LLC owned 0.58% of Materion worth $32,551,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. raised its holdings in shares of Materion by 9.5% in the third quarter. Contravisory Investment Management Inc. now owns 2,044 shares of the basic materials company's stock valued at $551,000 after acquiring an additional 177 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Materion by 2.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 9,841 shares of the basic materials company's stock worth $2,727,000 after acquiring an additional 248 shares during the period. GAMMA Investing LLC grew its holdings in Materion by 30.4% during the 3rd quarter. GAMMA Investing LLC now owns 917 shares of the basic materials company's stock worth $247,000 after acquiring an additional 214 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Materion by 21.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 389 shares of the basic materials company's stock worth $105,000 after acquiring an additional 69 shares in the last quarter. Finally, Congress Asset Management Co. bought a new position in Materion during the 3rd quarter worth about $51,835,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MTRN. Zacks Research lowered shares of Materion from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Weiss Ratings raised shares of Materion from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, September 29th. Jefferies Financial Group started coverage on shares of Materion in a research note on Wednesday, September 2nd. They set a "buy" rating and a $314.00 price objective on the stock. KeyCorp lifted their price objective on shares of Materion from $237.00 to $306.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Materion from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $310.00.

Materion Stock Performance

Shares of Materion stock opened at $271.71 on Wednesday. The company has a market capitalization of $5.66 billion, a PE ratio of 63.34 and a beta of 1.05. The company has a 50-day simple moving average of $262.25 and a two-hundred day simple moving average of $232.32. Materion Corporation has a one year low of $109.61 and a one year high of $324.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.29 and a current ratio of 2.94.

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, beating analysts' consensus estimates of $1.52 by $0.38. The business had revenue of $308.19 million for the quarter, compared to analysts' expectations of $549.82 million. Materion had a net margin of 4.29% and a return on equity of 13.38%. The company's revenue was up 42.2% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Research analysts expect that Materion Corporation will post 7.04 EPS for the current fiscal year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, August 20th were given a dividend of $0.1450 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. Materion's dividend payout ratio is presently 13.52%.

Insiders Place Their Bets

In other Materion news, CFO Shelly Chadwick sold 1,705 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $293.00, for a total value of $499,565.00. Following the completion of the sale, the chief financial officer owned 15,246 shares of the company's stock, valued at approximately $4,467,078. This trade represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emily M. Liggett sold 1,012 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $232.42, for a total value of $235,209.04. Following the completion of the sale, the director directly owned 3,161 shares of the company's stock, valued at approximately $734,679.62. This represents a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 29,053 shares of company stock worth $8,301,958. 2.80% of the stock is currently owned by company insiders.

Materion Company Profile

Materion Corporation is an advanced materials company that develops, manufactures and supplies highly engineered materials and related products for demanding industrial applications. Its portfolio includes specialty alloys, beryllium and beryllium-based materials, precious-metal products, inorganic chemicals, thin-film materials and precision optical components.

The company's products are used in semiconductor manufacturing, aerospace and defense, medical technology, telecommunications, automotive systems, consumer electronics and other high-technology markets.

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