Walleye Capital LLC Invests $491,000 in Materion Corporation $MTRN

Key Points

• Walleye Capital LLC acquired 6,017 shares of Materion Corporation, valued at approximately $491,000, during the first quarter as reported in a recent SEC filing.
• Materion's stock opened at $110.47, with a market capitalization of $2.29 billion and a forward P/E ratio indicating strong investor expectations for future earnings.
• The company announced a quarterly dividend of $0.14 per share, with an annualized yield of 0.5%, reflecting a 70% payout ratio, set to be paid on September 5th.

Walleye Capital LLC purchased a new position in Materion Corporation (NYSE:MTRN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,017 shares of the basic materials company's stock, valued at approximately $491,000.

Other large investors have also recently made changes to their positions in the company. 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 worth $175,000 after acquiring an additional 1,885 shares during the period. MQS Management LLC bought a new stake in shares of Materion during the 1st quarter valued at about $212,000. EntryPoint Capital LLC grew its stake in shares of Materion by 19.4% during the 1st quarter. EntryPoint Capital LLC now owns 2,691 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 437 shares during the period. New Age Alpha Advisors LLC bought a new stake in Materion during the first quarter valued at approximately $244,000. Finally, Teacher Retirement System of Texas bought a new stake in Materion during the first quarter valued at approximately $248,000. 93.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Materion

In other 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 value of $315,510.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director N Mohan Reddy sold 1,155 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $105.45, for a total transaction of $121,794.75. The disclosure for this sale can be found here. Insiders have sold 5,295 shares of company stock valued at $557,392 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Materion Price Performance

NYSE:MTRN traded up $1.29 during trading hours on Friday, hitting $112.25. 121,703 shares of the stock traded hands, compared to its average volume of 134,342. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. Materion Corporation has a 1 year low of $69.10 and a 1 year high of $123.21. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 140.31 and a beta of 0.91. The stock has a 50 day moving average price of $100.25 and a 200 day moving average price of $87.98.

Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share for the quarter, beating 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 the consensus estimate of $403.73 million. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The company'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. Sell-side analysts forecast that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of 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 upgraded shares of Materion from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $117.00.

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.