PDT Partners LLC Makes New $4.74 Million Investment in Materion Corporation $MTRN

PDT Partners LLC bought a new stake in shares of Materion Corporation (NYSE:MTRN) in the 2nd quarter, Holdings Channel reports. The firm bought 15,931 shares of the basic materials company’s stock, valued at approximately $4,738,000.

A number of other hedge funds have also recently modified their holdings of the business. UBS Group AG boosted its holdings in Materion by 18.8% during the 4th quarter. UBS Group AG now owns 60,378 shares of the basic materials company’s stock valued at $7,506,000 after acquiring an additional 9,576 shares during the period. King Luther Capital Management Corp grew its position in Materion by 95.1% in the 4th quarter. King Luther Capital Management Corp now owns 74,075 shares of the basic materials company’s stock valued at $9,209,000 after acquiring an additional 36,112 shares during the last quarter. Bank of America Corp DE increased its stake in Materion by 8.7% in the first quarter. Bank of America Corp DE now owns 118,569 shares of the basic materials company’s stock worth $17,151,000 after purchasing an additional 9,441 shares during the period. California State Teachers Retirement System increased its stake in Materion by 25.0% in the first quarter. California State Teachers Retirement System now owns 24,612 shares of the basic materials company’s stock worth $3,560,000 after purchasing an additional 4,926 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in shares of Materion by 136.7% during the fourth quarter. First Eagle Investment Management LLC now owns 58,000 shares of the basic materials company’s stock worth $7,211,000 after purchasing an additional 33,500 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.

Materion Price Performance

MTRN opened at $233.70 on Wednesday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 54.48 and a beta of 1.07. The company has a current ratio of 2.94, a quick ratio of 1.29 and a debt-to-equity ratio of 0.44. Materion Corporation has a 12-month low of $107.72 and a 12-month high of $304.58. The business’s fifty day simple moving average is $256.99 and its 200-day simple moving average is $205.09.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.38. Materion had a return on equity of 13.38% and a net margin of 4.29%.The firm had revenue of $308.19 million during the quarter, compared to the consensus estimate of $549.82 million. During the same period in the previous year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. On average, equities research analysts anticipate that Materion Corporation will post 7.06 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.145 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. Materion’s dividend payout ratio (DPR) is currently 13.52%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTRN. KeyCorp boosted their target price on shares of Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Zacks Research raised shares of Materion from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $306.00.

Insider Buying and Selling

In related news, CFO Shelly Marie Chadwick sold 1,705 shares of Materion stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $293.00, for a total transaction of $499,565.00. Following the transaction, the chief financial officer directly owned 15,246 shares of the company’s stock, valued at $4,467,078. This trade represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jugal K. Vijayvargiya sold 24,336 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $291.62, for a total transaction of $7,096,864.32. Following the completion of the transaction, the chief executive officer directly owned 116,699 shares of the company’s stock, valued at $34,031,762.38. This trade represents a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is currently owned by company insiders.

Materion Company 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.