Materion Corporation $MTRN Shares Acquired by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Materion Corporation by 27.2%, owning 65,792 shares valued at approximately $5.37 million.
• Analysts have set new price targets for Materion, with KeyCorp issuing an "overweight" rating and a price objective increase to $117.00.
• Materion reported $1.37 EPS for the last quarter, exceeding analysts' estimates, with revenues of $431.66 million, a 1.4% year-over-year growth.

Public Sector Pension Investment Board lifted its position in Materion Corporation (NYSE:MTRN - Free Report) by 27.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,792 shares of the basic materials company's stock after acquiring an additional 14,067 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of Materion worth $5,369,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its position in shares of Materion by 16.3% in the 4th quarter. Capital Research Global Investors now owns 1,838,484 shares of the basic materials company's stock worth $181,789,000 after purchasing an additional 257,637 shares during the period. GAMMA Investing LLC lifted its position in shares of Materion by 66,993.5% in 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 period. Nuveen LLC purchased a new stake in shares of Materion in the 1st quarter worth approximately $9,707,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Materion by 7.5% in 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 period. Finally, Millennium Management LLC lifted its position in shares of Materion by 290.6% in the 4th quarter. Millennium Management LLC now owns 57,907 shares of the basic materials company's stock worth $5,726,000 after purchasing an additional 43,083 shares during the period. Institutional investors own 93.56% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MTRN shares. KeyCorp upped 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 lowered shares of Materion from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $117.00.

Materion Stock Performance

Materion stock traded up $4.1510 during mid-day trading on Friday, reaching $113.6010. 41,352 shares of the company traded hands, compared to its average volume of 150,951. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.17 and a quick ratio of 1.25. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $123.21. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 141.61 and a beta of 0.85. The firm's fifty day moving average is $93.14 and its two-hundred day moving average is $87.21.

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

Materion Announces Dividend

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

Insider Buying and Selling at Materion

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $105.17, for a total transaction of $315,510.00. Following the transaction, the vice president directly owned 10,376 shares of the company's stock, valued at $1,091,243.92. This trade represents a 22.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director N Mohan Reddy sold 1,155 shares of the stock in a transaction on Monday, August 11th. The shares were 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 have sold a total of 5,295 shares of company stock valued at $557,392 over the last ninety days. Corporate insiders own 2.60% of the company's stock.

Materion 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.