Goldman Sachs Group Inc. Sells 52,124 Shares of Materion Corporation $MTRN

Key Points

• Goldman Sachs Group Inc. has decreased its holdings in Materion Corporation by 39%, owning approximately 81,534 shares valued at about $6.65 million after selling 52,124 shares in the first quarter.
• Materion recently reported earnings exceeding analysts' expectations, with $1.37 earnings per share and revenues of $431.66 million, leading to a positive analyst outlook.
• The company announced a quarterly dividend of $0.14 per share, translating to an annualized yield of 0.5%, and insiders have sold 5,295 shares worth $557,392 in the last 90 days.

Goldman Sachs Group Inc. reduced its position in Materion Corporation (NYSE:MTRN - Free Report) by 39.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,534 shares of the basic materials company's stock after selling 52,124 shares during the quarter. Goldman Sachs Group Inc. owned about 0.39% of Materion worth $6,653,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Materion by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 103,572 shares of the basic materials company's stock valued at $8,451,000 after buying an additional 2,369 shares during the period. GAMMA Investing LLC grew its holdings in shares of Materion by 722.2% during the 1st quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock valued at $175,000 after purchasing an additional 1,885 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Materion by 7.5% during 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 purchasing an additional 47,240 shares during the last quarter. SG Americas Securities LLC bought a new stake in Materion during the 1st quarter worth approximately $714,000. Finally, Teacher Retirement System of Texas bought a new stake in Materion during the 1st quarter worth approximately $248,000. 93.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MTRN shares. KeyCorp boosted their price target on shares of 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 shares of Materion from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Materion presently has a consensus rating of "Buy" and an average target price of $117.00.

Materion Stock Down 0.9%

MTRN stock traded down $1.09 during midday trading on Friday, reaching $121.03. 72,762 shares of the company's stock traded hands, compared to its average volume of 149,751. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 151.21 and a beta of 0.91. The firm's fifty day moving average price is $105.70 and its 200-day moving average price is $89.34. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. 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 announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.19. The business had revenue of $431.66 million during the quarter, compared to analyst estimates of $403.73 million. Materion had a net margin of 0.94% and a return on equity of 12.69%. Materion's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.42 EPS. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, sell-side analysts forecast that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

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

Insider Transactions at Materion

In other news, CAO Melissa A. Fashinpaur sold 1,140 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $105.34, for a total value of $120,087.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 5,295 shares of company stock worth $557,392 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Materion Company 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.