Vanguard Group Inc. Sells 45,770 Shares of Materion Corporation $MTRN

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. lessened its holdings in Materion Corporation (NYSE:MTRN - Free Report) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,477,371 shares of the basic materials company's stock after selling 45,770 shares during the quarter. Vanguard Group Inc. owned 11.90% of Materion worth $202,153,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MTRN. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 1,885 shares in the last quarter. MQS Management LLC bought a new position in shares of Materion in the first quarter valued at $212,000. Summit Investment Advisors Inc. grew its stake in shares of 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 buying an additional 137 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Materion in the first quarter valued at $244,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Materion in the first quarter valued at $248,000. Institutional investors own 93.56% of the company's stock.

Materion Stock Performance

MTRN stock traded down $0.4680 during trading hours on Monday, hitting $112.9920. 2,129 shares of the stock were exchanged, compared to its average volume of 150,706. The company has a current ratio of 3.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $2.34 billion, a P/E ratio of 141.03 and a beta of 0.85. The company has a 50-day simple moving average of $93.85 and a two-hundred day simple moving average of $87.11. Materion Corporation has a 12 month low of $69.10 and a 12 month high of $123.21.

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, topping 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 firm had revenue of $431.66 million for the quarter, compared to analyst estimates of $403.73 million. During the same quarter last year, the company earned $1.42 EPS. The company'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. On average, analysts forecast that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid 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 presently 70.00%.

Insiders Place Their Bets

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of the business's stock in a transaction on Monday, August 4th. The shares were 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 of the company's stock, valued at approximately $1,091,243.92. The trade was a 22.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $105.34, for a total transaction of $120,087.60. The disclosure for this sale can be found here. Insiders sold 5,295 shares of company stock worth $557,392 over the last three months. Insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. KeyCorp increased their price target on Materion from $115.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded Materion from a "hold" rating to a "buy" rating in a research note on Friday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.