Materion Corporation $MTRN Position Trimmed by Trigran Investments Inc.

Trigran Investments Inc. decreased its stake in Materion Corporation (NYSE:MTRN) by 37.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 497,729 shares of the basic materials company’s stock after selling 301,018 shares during the period. Materion comprises approximately 10.9% of Trigran Investments Inc.’s holdings, making the stock its biggest position. Trigran Investments Inc.’s holdings in Materion were worth $60,131,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTRN. Montag A & Associates Inc. lifted its position in shares of Materion by 1,607.7% during the 3rd quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock valued at $27,000 after buying an additional 209 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares during the period. Jones Financial Companies Lllp purchased a new position in Materion during the first quarter valued at approximately $34,000. First Horizon Advisors Inc. boosted its position in shares of Materion by 25.3% in the second quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 118 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Materion during the 2nd quarter valued at $50,000. Institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling at Materion

In related news, VP Gregory R. Chemnitz sold 4,517 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $157.32, for a total value of $710,614.44. Following the completion of the transaction, the vice president directly owned 5,930 shares of the company’s stock, valued at approximately $932,907.60. This trade represents a 43.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vinod M. Khilnani sold 4,000 shares of the business’s 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 completion of the sale, the director owned 13,665 shares in the company, valued at $2,034,171.90. This represents a 22.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,549 shares of company stock worth $7,548,444 over the last three months. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. KeyCorp upped their target price on shares of Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.00.

Materion Stock Performance

MTRN opened at $150.36 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.11. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 41.88 and a beta of 0.84. The company has a fifty day moving average of $145.28 and a 200 day moving average of $128.80. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $172.03.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. The business had revenue of $489.75 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, sell-side analysts forecast that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Thursday, February 19th will be paid a dividend of $0.14 per share. 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 0.4%. Materion’s dividend payout ratio is presently 15.60%.

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.