Materion Corporation $MTRN Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its holdings in Materion Corporation (NYSE:MTRN) by 5.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 140,265 shares of the basic materials company’s stock after selling 8,432 shares during the period. Fisher Asset Management LLC’s holdings in Materion were worth $17,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTRN. Harvey Partners LLC acquired a new position in Materion in the 3rd quarter worth approximately $38,418,000. State Street Corp increased its holdings in Materion by 28.0% in the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock worth $103,098,000 after buying an additional 283,998 shares during the period. American Century Companies Inc. increased its holdings in Materion by 53.2% in the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock worth $44,121,000 after buying an additional 126,794 shares during the period. JPMorgan Chase & Co. increased its holdings in Materion by 155.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after buying an additional 116,091 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Materion by 187.4% in the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock worth $20,199,000 after buying an additional 109,017 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Trading Down 0.5%

Shares of NYSE:MTRN opened at $221.71 on Thursday. Materion Corporation has a 1 year low of $73.61 and a 1 year high of $227.24. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 60.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.04 and a quick ratio of 1.32. The business’s 50 day moving average price is $175.04 and its 200-day moving average price is $149.92.

Materion (NYSE:MTRN) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. Materion had a return on equity of 12.45% and a net margin of 3.99%.The firm had revenue of $261.79 million for the quarter, compared to analyst estimates of $479.03 million. During the same quarter last year, the firm posted $1.13 EPS. The business’s revenue was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, equities research analysts forecast that Materion Corporation will post 6.48 earnings per share for the current fiscal year.

Materion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 28th will be given a dividend of $0.145 per share. This is a positive change from Materion’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.3%. Materion’s payout ratio is 15.30%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MTRN. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. KeyCorp increased their price target on shares of Materion from $185.00 to $223.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Finally, Robert W. Baird assumed coverage on shares of Materion in a research note on Wednesday, April 1st. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.00.

Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 2,539 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $160.06, for a total value of $406,392.34. Following the transaction, the chief financial officer owned 15,243 shares in the company, valued at approximately $2,439,794.58. This trade represents a 14.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Melissa A. Fashinpaur sold 309 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $160.00, for a total value of $49,440.00. Following the completion of the transaction, the chief accounting officer owned 310 shares in the company, valued at $49,600. The trade was a 49.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 7,365 shares of company stock worth $1,166,447. Corporate insiders own 2.80% of the company’s stock.

Materion Profile

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.