Royce & Associates LP Increases Position in Materion Corporation $MTRN

Key Points

• Royce & Associates LP increased its Materion stake by 11.2% in the fourth quarter, buying 10,940 additional shares and bringing its holdings to 108,440 shares worth about $13.5 million.
• Analyst sentiment remains mixed but constructive, with KeyCorp raising its price target to $223 and maintaining an overweight rating; the consensus rating is currently Moderate Buy.
• Materion reported better-than-expected EPS of $1.27 in its latest quarter and also raised its quarterly dividend to $0.145 per share, while insiders sold shares during the quarter.

Royce & Associates LP raised its position in Materion Corporation (NYSE:MTRN - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,440 shares of the basic materials company's stock after purchasing an additional 10,940 shares during the quarter. Royce & Associates LP owned 0.52% of Materion worth $13,481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. raised its position in Materion by 1,607.7% in the third quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 209 shares during the period. Maseco LLP purchased a new stake in Materion in the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its position in Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 225 shares during the period. Jones Financial Companies Lllp purchased a new stake in Materion in the first quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Materion in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 93.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. KeyCorp boosted their target price on Materion from $185.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, May 19th. Robert W. Baird started coverage on Materion in a research report on Wednesday, April 1st. They issued an "outperform" rating on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Materion in a research note on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Materion from a "buy" rating to a "hold" rating in a research note on Sunday, March 15th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Materion has an average rating of "Moderate Buy" and an average target price of $223.00.

Materion Stock Performance

NYSE:MTRN opened at $221.71 on Thursday. The company has a fifty day simple moving average of $175.04 and a two-hundred day simple moving average of $149.92. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 60.58 and a beta of 1.03. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. Materion Corporation has a 52 week low of $73.61 and a 52 week high of $227.24.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. The business had revenue of $261.79 million during the quarter, compared to the consensus estimate of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. The company's quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities analysts anticipate that Materion Corporation will post 6.48 earnings per share for the current fiscal year.

Materion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 28th will be issued a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 0.3%. This is a boost from Materion's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, May 28th. Materion's dividend payout ratio is currently 15.30%.

Insider Activity at Materion

In related news, CAO Melissa A. Fashinpaur sold 309 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $160.00, for a total value of $49,440.00. Following the transaction, the chief accounting officer owned 310 shares of the company's stock, valued at $49,600. This represents a 49.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Shelly Marie Chadwick sold 2,539 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $160.06, for a total value of $406,392.34. Following the completion of the transaction, the chief financial officer directly owned 15,243 shares in the company, valued at $2,439,794.58. This trade represents a 14.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,365 shares of company stock valued at $1,166,447 over the last quarter. 2.80% of the stock is owned by insiders.

About Materion

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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