Petrus Trust Company LTA Purchases New Stake in Materion Corporation $MTRN

Petrus Trust Company LTA purchased a new position in shares of Materion Corporation (NYSE:MTRN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,184 shares of the basic materials company's stock, valued at approximately $423,000.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Materion by 2.3% during the first quarter. Principal Financial Group Inc. now owns 103,572 shares of the basic materials company's stock worth $8,451,000 after buying an additional 2,369 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Materion by 722.2% during the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock worth $175,000 after buying an additional 1,885 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Materion by 7.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company's stock worth $54,917,000 after buying an additional 47,240 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Materion during the first quarter worth approximately $714,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Materion during the first quarter worth approximately $248,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Stock Performance

Shares of NYSE MTRN traded down $2.47 during trading hours on Friday, reaching $111.57. The stock had a trading volume of 90,727 shares, compared to its average volume of 112,525. The business's fifty day moving average is $103.05 and its two-hundred day moving average is $88.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.17 and a quick ratio of 1.25. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 139.46 and a beta of 0.91. Materion Corporation has a twelve month low of $69.10 and a twelve month high of $123.21.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.19. Materion had a return on equity of 12.69% and a net margin of 0.94%.The firm had revenue of $431.66 million during the quarter, compared to analyst estimates of $403.73 million. During the same period in the prior year, the company posted $1.42 earnings per share. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, research analysts expect that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MTRN. KeyCorp upped their price target 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 upgraded Materion from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Materion has a consensus rating of "Buy" and an average target price of $117.00.

Insiders Place Their Bets

In other Materion news, Director N Mohan Reddy sold 1,155 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $105.34, for a total value of $120,087.60. The disclosure for this sale can be found here. Insiders sold 5,295 shares of company stock worth $557,392 over the last three months. 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.