Legal & General Group Plc Sells 2,890 Shares of Materion Corporation $MTRN

Legal & General Group Plc lowered its holdings in shares of Materion Corporation (NYSE:MTRN) by 5.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 52,417 shares of the basic materials company’s stock after selling 2,890 shares during the quarter. Legal & General Group Plc’s holdings in Materion were worth $6,516,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp grew its holdings in shares of Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after purchasing an additional 283,998 shares during the last quarter. Trigran Investments Inc. grew its holdings in shares of Materion by 0.5% during the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock valued at $63,397,000 after purchasing an additional 3,982 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Materion by 53.2% during the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock valued at $44,121,000 after purchasing an additional 126,794 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of Materion by 28.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 349,500 shares of the basic materials company’s stock valued at $42,223,000 after purchasing an additional 78,349 shares during the last quarter. Finally, Harvey Partners LLC bought a new position in shares of Materion during the 3rd quarter valued at $38,418,000. Institutional investors own 93.56% of the company’s stock.

Materion Price Performance

Shares of Materion stock opened at $220.44 on Friday. The firm has a market cap of $4.59 billion, a PE ratio of 60.23 and a beta of 1.08. Materion Corporation has a 12-month low of $76.09 and a 12-month high of $233.45. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $186.85 and its two-hundred day simple moving average is $154.92.

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

Materion Increases Dividend

The business 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 $0.145 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.58 annualized dividend and a dividend yield of 0.3%. This is a positive change from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio is 15.85%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. KeyCorp increased their target price on shares of Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Robert W. Baird started coverage on shares of Materion in a report on Wednesday, April 1st. They issued an “outperform” rating on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Materion currently has a consensus rating of “Moderate Buy” and an average price target of $237.00.

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.