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. boosted its position in shares of Materion Corporation (NYSE:MTRN - Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 794,765 shares of the basic materials company's stock after purchasing an additional 56,935 shares during the quarter. Materion comprises about 9.5% of Trigran Investments Inc.'s portfolio, making the stock its 3rd biggest position. Trigran Investments Inc. owned 3.82% of Materion worth $64,853,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Materion by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 103,572 shares of the basic materials company's stock worth $8,451,000 after purchasing an additional 2,369 shares during the period. GAMMA Investing LLC increased its holdings in Materion by 722.2% during the 1st quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock worth $175,000 after purchasing an additional 1,885 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in Materion by 7.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company's stock worth $54,917,000 after purchasing an additional 47,240 shares during the period. SG Americas Securities LLC purchased a new stake in Materion during the first quarter worth $714,000. Finally, Teacher Retirement System of Texas purchased a new stake in Materion during the first quarter worth $248,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MTRN shares. Wall Street Zen lowered Materion from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. 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, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $117.00.

Insiders Place Their Bets

In other Materion news, CAO Melissa A. Fashinpaur sold 1,140 shares of the firm's stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory R. Chemnitz sold 3,000 shares of the firm's stock in a transaction 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 directly owned 10,376 shares of the company's stock, valued at approximately $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 quarter, insiders sold 5,295 shares of company stock valued at $557,392. Insiders own 2.60% of the company's stock.

Materion Stock Up 3.9%

NYSE MTRN traded up $4.29 on Friday, hitting $113.74. The stock had a trading volume of 58,102 shares, compared to its average volume of 151,084. The business's fifty day moving average price is $93.14 and its 200 day moving average price is $87.21. 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 Corporation has a 52-week low of $69.10 and a 52-week high of $123.21. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 142.18 and a beta of 0.85.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.19. Materion had a net margin of 0.94% and a return on equity of 12.69%. The business had revenue of $431.66 million for the quarter, compared to analyst estimates of $403.73 million. During the same period in the previous year, the company earned $1.42 earnings per share. The business's revenue for the quarter was up 1.4% on a year-over-year basis. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. Equities research analysts anticipate that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Announces Dividend

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

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.