Raymond James Financial Inc. Has $5.53 Million Position in Materion Corporation $MTRN

Key Points

• Raymond James Financial Inc. decreased its stake in Materion Corporation by 35.5%, owning 67,807 shares valued at approximately $5.5 million after selling 37,363 shares in the 1st quarter.
• Materion reported a quarterly earnings per share of $1.37, surpassing estimates and showing a 1.4% year-over-year revenue increase to $431.66 million.
• The company declared a quarterly dividend of $0.14, with the dividend yield at 0.5% and a payout ratio of 70% for investors of record.

Raymond James Financial Inc. lowered its stake in Materion Corporation (NYSE:MTRN - Free Report) by 35.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 67,807 shares of the basic materials company's stock after selling 37,363 shares during the period. Raymond James Financial Inc. owned 0.33% of Materion worth $5,533,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Materion by 722.2% in the 1st quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock valued at $175,000 after acquiring an additional 1,885 shares during the last quarter. MQS Management LLC acquired a new position in Materion in the first quarter worth $212,000. New Age Alpha Advisors LLC acquired a new stake in shares of Materion during the first quarter worth $244,000. Teacher Retirement System of Texas bought a new position in shares of Materion in the 1st quarter worth about $248,000. Finally, Central Pacific Bank Trust Division lifted its position in shares of Materion by 9.6% in the 1st quarter. Central Pacific Bank Trust Division now owns 3,515 shares of the basic materials company's stock worth $287,000 after buying an additional 307 shares during the last quarter. Institutional investors own 93.56% of the company's stock.

Insider Transactions 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 shares were sold at an average price of $105.34, for a total value of $120,087.60. The transaction was disclosed in a filing with the SEC, which can be accessed 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 value of $121,794.75. The disclosure for this sale can be found here. Insiders have sold 5,295 shares of company stock valued at $557,392 in the last quarter. Insiders own 2.60% of the company's stock.

Materion Stock Performance

MTRN stock traded up $1.00 during trading on Wednesday, reaching $110.67. 85,494 shares of the company's stock were exchanged, compared to its average volume of 122,345. Materion Corporation has a 1-year low of $69.10 and a 1-year high of $123.21. The firm has a market cap of $2.29 billion, a PE ratio of 138.34 and a beta of 0.91. The company's fifty day moving average price is $101.97 and its 200-day moving average price is $88.32. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46.

Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.19. Materion had a net margin of 0.94% and a return on equity of 12.69%. The company 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 business posted $1.42 EPS. 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. On average, research analysts expect that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MTRN shares. Wall Street Zen raised Materion from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. KeyCorp upped their price objective on Materion from $115.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $117.00.

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.