Materion Corporation $MTRN is Trigran Investments Inc.'s 3rd Largest Position

Key Points

• Trigran Investments Inc. has increased its stake in Materion Corporation by 7.7%, now owning approximately $64.85 million worth of stock, which is about 9.5% of its overall holdings.
• A number of institutional investors, including GAMMA Investing LLC and New Age Alpha Advisors LLC, have significantly increased their investments in Materion during the first quarter, with institutional ownership now at 93.56%.
• Materion recently announced a quarterly dividend of $0.14 per share, with a payout ratio of 70% and a dividend yield of 0.5% expected to be paid on September 5th.

Trigran Investments Inc. lifted its position in shares of Materion Corporation (NYSE:MTRN - Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 794,765 shares of the basic materials company's stock after purchasing an additional 56,935 shares during the period. Materion accounts for about 9.5% of Trigran Investments Inc.'s holdings, making the stock its 3rd biggest position. Trigran Investments Inc. owned approximately 3.82% of Materion worth $64,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTRN. LPL Financial LLC increased its stake in Materion by 6.9% in the 4th quarter. LPL Financial LLC now owns 3,740 shares of the basic materials company's stock valued at $370,000 after buying an additional 241 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Materion by 6.7% during the fourth quarter. Wells Fargo & Company MN now owns 46,025 shares of the basic materials company's stock valued at $4,551,000 after acquiring an additional 2,888 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Materion by 1.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 74,541 shares of the basic materials company's stock valued at $7,371,000 after acquiring an additional 871 shares during the last quarter. Bank of Montreal Can lifted its holdings in Materion by 9.7% during the fourth quarter. Bank of Montreal Can now owns 5,304 shares of the basic materials company's stock worth $524,000 after acquiring an additional 470 shares during the period. Finally, Summit Investment Advisors Inc. boosted its position in Materion by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company's stock worth $213,000 after purchasing an additional 137 shares during the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MTRN shares. KeyCorp raised their target price on Materion from $115.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. Wall Street Zen cut Materion from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $117.00.

Insider Buying and Selling at Materion

In other news, CAO Melissa A. Fashinpaur sold 1,140 shares of Materion stock in a transaction on Monday, August 4th. The stock was 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 Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction on Monday, August 4th. The shares were sold at an average price of $105.17, for a total value of $315,510.00. Following the completion of the transaction, the vice president owned 10,376 shares of the company's stock, valued at approximately $1,091,243.92. This trade represents a 22.43% decrease in their ownership of the stock. 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 90 days. 2.60% of the stock is currently owned by company insiders.

Materion Stock Performance

Materion stock traded down $2.4450 during midday trading on Wednesday, reaching $109.9350. The stock had a trading volume of 98,621 shares, compared to its average volume of 151,913. The firm has a market capitalization of $2.28 billion, a PE ratio of 137.42 and a beta of 0.85. Materion Corporation has a 12 month low of $69.10 and a 12 month high of $123.21. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. The firm's 50-day moving average price is $92.01 and its 200 day moving average price is $86.97.

Materion (NYSE:MTRN - Get Free Report) last issued its 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 firm had revenue of $431.66 million during the quarter, compared to analyst estimates of $403.73 million. During the same quarter last year, the business earned $1.42 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, research analysts predict that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 22nd. Materion's payout ratio is currently 70.00%.

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.