Icon Advisers Inc. Co. Purchases 6,500 Shares of Materion Corporation $MTRN

Icon Advisers Inc. Co. grew its position in shares of Materion Corporation (NYSE:MTRN) by 48.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,800 shares of the basic materials company’s stock after purchasing an additional 6,500 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Materion were worth $2,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank increased its stake in shares of Materion by 1.5% in the third quarter. Amalgamated Bank now owns 6,018 shares of the basic materials company’s stock valued at $727,000 after buying an additional 87 shares during the period. Nisa Investment Advisors LLC boosted its position in Materion by 0.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 23,357 shares of the basic materials company’s stock worth $2,822,000 after buying an additional 100 shares during the period. First Horizon Advisors Inc. boosted its position in Materion by 25.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after buying an additional 118 shares during the period. Teacher Retirement System of Texas grew its holdings in Materion by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,160 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 126 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Materion by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 494 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 135 shares during the period. 93.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. Finally, KeyCorp increased their price objective on Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.00.

Materion Stock Performance

NYSE:MTRN opened at $144.20 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. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $172.03. The company has a 50 day simple moving average of $145.59 and a two-hundred day simple moving average of $129.01. The company has a market capitalization of $2.99 billion, a PE ratio of 40.17 and a beta of 0.84.

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

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Thursday, February 19th were issued a $0.14 dividend. The ex-dividend date was Thursday, February 19th. This represents a $0.56 annualized dividend and a yield of 0.4%. Materion’s payout ratio is presently 15.60%.

Insiders Place Their Bets

In other Materion news, CAO Melissa A. Fashinpaur sold 309 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $160.00, for a total transaction of $49,440.00. Following the sale, the chief accounting officer owned 310 shares of the company’s stock, valued at approximately $49,600. This represents a 49.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shelly Marie Chadwick sold 8,976 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $146.13, for a total value of $1,311,662.88. Following the sale, the chief financial officer owned 16,139 shares of the company’s stock, valued at approximately $2,358,392.07. The trade was a 35.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,549 shares of company stock valued at $7,548,444 over the last quarter. Company insiders own 2.60% of the company’s stock.

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.