Old West Investment Management LLC acquired a new stake in Materion Corporation (NYSE:MTRN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,176 shares of the basic materials company's stock, valued at approximately $2,134,000.
A number of other institutional investors have also recently made changes to their positions in MTRN. State Street Corp lifted its holdings in Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company's stock worth $103,098,000 after buying an additional 283,998 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Materion in the 2nd quarter valued at approximately $49,060,000. Raymond James Financial Inc. grew its stake in shares of Materion by 187.4% in the third quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company's stock worth $20,199,000 after acquiring an additional 109,017 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Materion by 313.6% in the second quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company's stock worth $6,510,000 after acquiring an additional 62,187 shares in the last quarter. Finally, Concentric Capital Strategies LP purchased a new stake in shares of Materion during the fourth quarter worth $7,650,000. Institutional investors and hedge funds own 93.56% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on MTRN shares. KeyCorp increased their price objective on Materion from $237.00 to $306.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Weiss Ratings cut Materion from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Wall Street Zen upgraded Materion from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Zacks Research raised Materion from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Materion presently has a consensus rating of "Buy" and an average price target of $306.00.
Check Out Our Latest Report on MTRN
Materion Stock Performance
Shares of MTRN stock opened at $283.00 on Monday. The company has a current ratio of 2.94, a quick ratio of 1.29 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average price of $256.23 and a 200 day moving average price of $199.89. The company has a market cap of $5.89 billion, a P/E ratio of 65.97 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 posted its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.52 by $0.38. The firm had revenue of $308.19 million for the quarter, compared to analyst estimates of $549.82 million. Materion had a return on equity of 13.38% and a net margin of 4.29%.Materion's revenue for the quarter was up 42.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Sell-side analysts predict that Materion Corporation will post 7.06 earnings per share for the current fiscal year.
Materion Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be issued a $0.145 dividend. The ex-dividend date is 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%.
Insider Activity
In other news, CEO Jugal K. Vijayvargiya sold 24,336 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $291.62, for a total transaction of $7,096,864.32. Following the sale, the chief executive officer owned 116,699 shares of the company's stock, valued at approximately $34,031,762.38. This trade represents a 17.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shelly Marie Chadwick sold 1,705 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $293.00, for a total value of $499,565.00. Following the sale, the chief financial officer owned 15,246 shares of the company's stock, valued at approximately $4,467,078. The trade was a 10.06% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by company insiders.
Materion 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Materion, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Materion wasn't on the list.
While Materion currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
