Trexquant Investment LP Acquires 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 boosted its position in shares of Materion Corporation (NYSE:MTRN - Free Report) by 1,081.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,645 shares of the basic materials company's stock after purchasing an additional 32,627 shares during the quarter. Trexquant Investment LP owned about 0.17% of Materion worth $2,909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MTRN. First Trust Advisors LP grew its holdings in shares of Materion by 209.6% during the 4th quarter. First Trust Advisors LP now owns 13,717 shares of the basic materials company's stock worth $1,356,000 after purchasing an additional 9,286 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Materion by 9.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,873 shares of the basic materials company's stock worth $1,471,000 after acquiring an additional 1,339 shares in the last quarter. Deutsche Bank AG lifted its position in Materion by 46.4% in the 4th quarter. Deutsche Bank AG now owns 18,244 shares of the basic materials company's stock valued at $1,804,000 after purchasing an additional 5,784 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Materion by 28.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 27,751 shares of the basic materials company's stock valued at $2,744,000 after purchasing an additional 6,091 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of Materion in the fourth quarter worth about $300,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Materion news, Director N Mohan Reddy sold 1,155 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were 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 SEC, which can be accessed through the SEC website. 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 sale, the vice president owned 10,376 shares in the company, valued at approximately $1,091,243.92. This trade represents a 22.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,295 shares of company stock worth $557,392. Insiders own 2.60% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MTRN. KeyCorp upped their price objective on 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 raised shares of Materion from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $117.00.

Materion Trading Up 0.6%

NYSE MTRN traded up $0.72 on Monday, hitting $113.31. 56,556 shares of the stock were exchanged, compared to its average volume of 149,127. The company's 50-day moving average price is $100.25 and its two-hundred day moving average price is $87.90. Materion Corporation has a 52-week low of $69.10 and a 52-week high of $123.21. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 141.63 and a beta of 0.91. 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 (NYSE:MTRN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.19. Materion had a return on equity of 12.69% and a net margin of 0.94%.The company had revenue of $431.66 million during the quarter, compared to analysts' expectations of $403.73 million. During the same period in the prior year, the business posted $1.42 EPS. Materion's revenue was up 1.4% on a year-over-year basis. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. Research analysts predict that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given 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 payout ratio is 70.00%.

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.