Harvey Partners LLC Takes Position in Materion Corporation $MTRN

Harvey Partners LLC bought a new position in shares of Materion Corporation (NYSE:MTRN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 318,000 shares of the basic materials company’s stock, valued at approximately $38,418,000. Materion comprises 3.4% of Harvey Partners LLC’s portfolio, making the stock its 9th biggest holding. Harvey Partners LLC owned approximately 1.53% of Materion as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oliver Luxxe Assets LLC purchased a new position in shares of Materion during the 3rd quarter worth $1,673,000. First Eagle Investment Management LLC purchased a new stake in shares of Materion in the third quarter valued at $2,960,000. Jackson Creek Investment Advisors LLC acquired a new position in Materion in the third quarter valued at $1,946,000. JPMorgan Chase & Co. increased its stake in Materion by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after purchasing an additional 116,091 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Materion by 230.5% during the third quarter. Advisors Asset Management Inc. now owns 10,918 shares of the basic materials company’s stock worth $1,319,000 after buying an additional 7,615 shares during the period. 93.56% of the stock is owned by hedge funds and other institutional investors.

Materion Trading Down 1.5%

Shares of MTRN opened at $136.28 on Monday. Materion Corporation has a twelve month low of $69.10 and a twelve month high of $172.03. The firm has a market capitalization of $2.83 billion, a P/E ratio of 37.96 and a beta of 0.84. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $147.19 and its 200 day simple moving average is $130.35.

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 company had revenue of $489.75 million during the quarter, compared to analyst estimates of $448.78 million. Materion had a return on equity of 12.36% and a net margin of 4.19%.The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. On average, equities research analysts forecast that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Announces Dividend

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

Insider Transactions at Materion

In other Materion news, CEO Jugal K. Vijayvargiya sold 12,963 shares of Materion stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $148.56, for a total transaction of $1,925,783.28. Following the transaction, the chief executive officer directly owned 130,253 shares of the company’s stock, valued at $19,350,385.68. The trade was a 9.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory R. Chemnitz sold 4,517 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total transaction of $710,614.44. Following the sale, the vice president owned 5,930 shares of the company’s stock, valued at approximately $932,907.60. This represents a 43.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,549 shares of company stock valued at $7,548,444 in the last three months. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on MTRN shares. KeyCorp lifted their price target on Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.