PDT Partners LLC Takes Position in Materion Corporation $MTRN

Key Points

• PDT Partners initiated a position in Materion, purchasing 15,931 shares valued at approximately $4.7 million. Institutional investors collectively own 93.56% of the company.
• Analysts are broadly bullish on MTRN, with a consensus “Buy” rating and a $306 price target after several firms raised their ratings or targets.
• Materion beat quarterly earnings expectations with EPS of $1.90 versus $1.52 expected, while revenue rose 42.2% year over year. The company also declared a $0.145 quarterly dividend, though its CEO and CFO recently sold shares.

PDT Partners LLC bought a new position in Materion Corporation (NYSE:MTRN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,931 shares of the basic materials company's stock, valued at approximately $4,738,000. PDT Partners LLC owned approximately 0.08% of Materion as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Materion in the 2nd quarter valued at $1,032,985,000. State Street Corp boosted its holdings in shares of Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company's stock valued at $103,098,000 after purchasing an additional 283,998 shares during the last quarter. Trigran Investments Inc. boosted its holdings in shares of Materion by 0.5% during the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company's stock valued at $63,397,000 after purchasing an additional 3,982 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Materion during the second quarter valued at about $132,656,000. Finally, Morgan Stanley grew its position in shares of Materion by 12.2% during the fourth quarter. Morgan Stanley now owns 429,482 shares of the basic materials company's stock valued at $53,393,000 after purchasing an additional 46,613 shares in the last quarter. Institutional investors own 93.56% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MTRN shares. KeyCorp boosted their target price on Materion from $237.00 to $306.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Wall Street Zen upgraded Materion from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings raised Materion from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. Finally, Zacks Research raised Materion from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $306.00.

Materion Stock Performance

Shares of NYSE:MTRN opened at $233.70 on Wednesday. The firm has a fifty day simple moving average of $256.99 and a two-hundred day simple moving average of $205.09. Materion Corporation has a 52 week low of $107.72 and a 52 week high of $304.58. 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 stock has a market capitalization of $4.87 billion, a P/E ratio of 54.48 and a beta of 1.07.

Materion (NYSE:MTRN - Get Free Report) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The firm had revenue of $308.19 million for the quarter, compared to analysts' expectations of $549.82 million. During the same period in the prior year, the company earned $1.37 EPS. The business's revenue was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. On average, analysts expect that Materion Corporation will post 7.06 earnings per share for the current fiscal year.

Materion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. Materion's payout ratio is currently 13.52%.

Insider Activity at Materion

In related news, CEO Jugal K. Vijayvargiya sold 24,336 shares of the firm's 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 completion of the sale, the chief executive officer directly owned 116,699 shares in the company, valued at $34,031,762.38. This trade represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,705 shares of Materion stock in a transaction on Friday, August 7th. The stock was sold at an average price of $293.00, for a total transaction of $499,565.00. Following the transaction, the chief financial officer directly owned 15,246 shares of the company's stock, valued at $4,467,078. The trade was a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.80% of the company's stock.

Materion Profile

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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