Nuveen LLC Acquires New Holdings in Materion Corporation $MTRN

Key Points

• Nuveen LLC has acquired a new stake in Materion Corporation by purchasing 118,958 shares, representing an investment of approximately $9.7 million, which gives them a 0.57% ownership in the company.
• Materion reported earnings of $1.37 per share for the last quarter, exceeding analyst expectations of $1.18, and the company now anticipates a full year EPS of 5.3-5.7.
• The firm declared a quarterly dividend of $0.14 per share to be paid on September 5th, reflecting an annualized yield of 0.5% with a payout ratio of 70%.

Nuveen LLC purchased a new stake in Materion Corporation (NYSE:MTRN - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 118,958 shares of the basic materials company's stock, valued at approximately $9,707,000. Nuveen LLC owned about 0.57% of Materion as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its holdings in 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 worth $54,917,000 after purchasing an additional 47,240 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings 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 worth $46,830,000 after purchasing an additional 30,262 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 worth $21,921,000 after purchasing an additional 4,447 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 worth $20,233,000 after purchasing an additional 11,201 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings 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 purchasing an additional 174,853 shares during the last quarter. 93.56% of the stock is owned by institutional investors.

Materion Trading Down 0.4%

Shares of MTRN stock traded down $0.48 on Friday, reaching $110.46. The company had a trading volume of 10,852 shares, compared to its average volume of 149,905. 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 stock has a market cap of $2.29 billion, a PE ratio of 138.07 and a beta of 0.85. The company has a 50-day moving average of $96.50 and a 200-day moving average of $87.59. Materion Corporation has a 12 month low of $69.10 and a 12 month 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 company had revenue of $431.66 million during 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%.Materion's revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. On average, equities analysts forecast that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Announces Dividend

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

Insider Activity at Materion

In related news, CAO Melissa A. Fashinpaur sold 1,140 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $105.34, for a total value of $120,087.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director N Mohan Reddy sold 1,155 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $105.45, for a total value of $121,794.75. The disclosure for this sale can be found here. In the last three months, insiders sold 5,295 shares of company stock worth $557,392. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on MTRN. KeyCorp boosted their price objective on Materion from $115.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Wall Street Zen raised Materion from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $117.00.

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.