Materion Corporation $MTRN Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in Materion Corporation (NYSE:MTRN) by 26.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 78,028 shares of the basic materials company’s stock after selling 27,363 shares during the period. Intech Investment Management LLC’s holdings in Materion were worth $9,427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in Materion in the first quarter worth approximately $201,000. Millennium Management LLC raised its stake in shares of Materion by 54.1% in the 1st quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock worth $7,280,000 after buying an additional 31,305 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Materion in the first quarter valued at $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Materion by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company’s stock valued at $4,410,000 after buying an additional 5,894 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Materion by 44.9% during the first quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock worth $2,882,000 after acquiring an additional 10,940 shares during the period. Institutional investors own 93.56% of the company’s stock.

Materion Trading Down 0.2%

Shares of MTRN opened at $161.18 on Friday. The business’s 50-day moving average price is $142.04 and its 200 day moving average price is $127.08. The stock has a market capitalization of $3.34 billion, a P/E ratio of 44.90 and a beta of 0.87. Materion Corporation has a 1-year low of $69.10 and a 1-year high of $172.03. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $489.75 million during the quarter, compared to analyst estimates of $448.78 million. Materion had a net margin of 4.19% and a return on equity of 12.36%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Analysts expect that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Thursday, February 19th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. Materion’s dividend payout ratio (DPR) is currently 15.60%.

Insider Activity

In other news, Director Vinod M. Khilnani sold 4,000 shares of Materion stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $148.86, for a total transaction of $595,440.00. Following the transaction, the director owned 13,665 shares in the company, valued at approximately $2,034,171.90. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jugal K. Vijayvargiya sold 12,963 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $148.56, for a total value of $1,925,783.28. Following the transaction, the chief executive officer directly owned 130,253 shares in the company, valued at $19,350,385.68. The trade was a 9.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 42,184 shares of company stock valued at $6,381,997. 2.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTRN. Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, KeyCorp increased their target price on shares of Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.00.

About Materion

Materion Corporation (NYSE: MTRN) is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion’s offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion’s core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.