Trexquant Investment LP Buys 32,627 Shares of Materion Corporation $MTRN

Key Points

• Trexquant Investment LP significantly increased its stake in Materion Corporation by 1,081.1% during Q1, owning 35,645 shares worth approximately $2.91 million at quarter's end.
• Several institutional investors, including GAMMA Investing LLC and EntryPoint Capital LLC, also raised their positions in Materion, reflecting a growing interest as 93.56% of the company's stock is now owned by such entities.
• Analysts have generally positive views on Materion, with an average "Buy" rating and a revised price target of $117.00, indicating expected value growth from the current stock price.

Trexquant Investment LP lifted its stake in shares of Materion Corporation (NYSE:MTRN - Free Report) by 1,081.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,645 shares of the basic materials company's stock after acquiring an additional 32,627 shares during the period. Trexquant Investment LP owned 0.17% of Materion worth $2,909,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Materion by 66,993.5% during the first quarter. GAMMA Investing LLC now owns 175,114 shares of the basic materials company's stock worth $14,289,000 after buying an additional 174,853 shares during the last quarter. Nuveen LLC acquired a new position in Materion during the first quarter worth $9,707,000. Trigran Investments Inc. raised its holdings in Materion by 7.7% during the first quarter. Trigran Investments Inc. now owns 794,765 shares of the basic materials company's stock worth $64,853,000 after buying an additional 56,935 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in 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. Finally, Millennium Management LLC raised its holdings in Materion by 290.6% during the fourth quarter. Millennium Management LLC now owns 57,907 shares of the basic materials company's stock worth $5,726,000 after buying an additional 43,083 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.

Materion Stock Performance

NYSE:MTRN traded down $4.29 on Tuesday, reaching $108.83. 42,279 shares of the company's stock were exchanged, compared to its average volume of 148,838. 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 firm has a market cap of $2.26 billion, a price-to-earnings ratio of 136.14 and a beta of 0.91. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $123.21. The stock has a fifty day simple moving average of $100.92 and a 200-day simple moving average of $88.02.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.19. The firm 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 company'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 posted $1.42 earnings per share. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, sell-side analysts predict that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend 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%.

Insiders Place Their Bets

In other news, CAO Melissa A. Fashinpaur sold 1,140 shares of the firm'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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Gregory R. Chemnitz sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $105.17, for a total transaction of $315,510.00. Following the completion of the transaction, the vice president owned 10,376 shares in the company, valued at $1,091,243.92. This represents a 22.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,295 shares of company stock valued at $557,392. 2.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of Materion from $115.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of 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 data from MarketBeat.com, Materion has a consensus rating of "Buy" and an average target price of $117.00.

About Materion

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.