Materion Corporation $MTRN Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its holdings in Materion Corporation by 1.8%, owning 2,477,371 shares worth approximately $202 million after selling 45,770 shares in Q1.
• Institutional investors collectively own 93.56% of Materion's stock, with GAMMA Investing LLC increasing its stake significantly by 66,993.5% during the same period.
• Materion announced a quarterly dividend of $0.14 per share to be paid on September 5, reflecting an annualized yield of 0.5%.

Vanguard Group Inc. decreased its position in Materion Corporation (NYSE:MTRN - Free Report) by 1.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,477,371 shares of the basic materials company's stock after selling 45,770 shares during the period. Vanguard Group Inc. owned about 11.90% of Materion worth $202,153,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Materion by 722.2% in the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock valued at $175,000 after purchasing an additional 1,885 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings 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 valued at $213,000 after purchasing an additional 137 shares during the last quarter. MQS Management LLC acquired a new stake in Materion in the first quarter valued at $212,000. New Age Alpha Advisors LLC acquired a new stake in Materion in the first quarter valued at $244,000. Finally, Graham Capital Management L.P. acquired a new stake in Materion in the fourth quarter valued at $300,000. Institutional investors and hedge funds own 93.56% of the company's stock.

Materion Price Performance

Shares of MTRN traded down $1.8150 during trading hours on Monday, reaching $111.6450. 145,537 shares of the company traded hands, compared to its average volume of 240,841. 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 stock has a market capitalization of $2.31 billion, a PE ratio of 139.56 and a beta of 0.85. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $123.21. The stock has a fifty day simple moving average of $94.49 and a 200 day simple moving average of $87.20.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $431.66 million for the quarter, compared to analyst estimates of $403.73 million. Materion had a return on equity of 12.69% and a net margin of 0.94%.The business's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 earnings per share. 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 EPS for the current fiscal year.

Materion Dividend Announcement

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

Insiders Place Their Bets

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $105.17, for a total value of $315,510.00. Following the sale, the vice president directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $105.34, for a total value of $120,087.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,295 shares of company stock valued at $557,392. Insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

MTRN has been the topic of several research reports. Wall Street Zen raised Materion from a "hold" rating to a "buy" rating in a report on Friday. KeyCorp upped their target price on Materion from $115.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Materion has a consensus rating of "Buy" and a consensus price target of $117.00.

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.