Hsbc Holdings PLC Buys Shares of 9,971 Materion Corporation $MTRN

Hsbc Holdings PLC purchased a new position in shares of Materion Corporation (NYSE:MTRN) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 9,971 shares of the basic materials company’s stock, valued at approximately $2,941,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Materion in the second quarter valued at approximately $1,032,985,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Materion during the second quarter worth approximately $132,656,000. State Street Corp boosted its position in Materion by 28.0% during the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock worth $103,098,000 after acquiring an additional 283,998 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Materion in the 2nd quarter worth approximately $49,060,000. Finally, Raymond James Financial Inc. grew its stake 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 acquiring an additional 109,017 shares during the period. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings raised Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 24th. Wall Street Zen upgraded Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research upgraded Materion from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, KeyCorp raised their price target on Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $306.00.

Insiders Place Their Bets

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

Materion Stock Performance

Shares of MTRN stock opened at $238.00 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.29 and a current ratio of 2.94. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 55.48 and a beta of 1.07. Materion Corporation has a one year low of $107.72 and a one year high of $304.58. The company has a 50 day moving average price of $255.09 and a 200 day moving average price of $206.62.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The company had revenue of $308.19 million for the quarter, compared to analyst estimates of $549.82 million. During the same quarter last year, the business earned $1.37 EPS. Materion’s revenue for the quarter was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Sell-side analysts anticipate that Materion Corporation will post 7.06 EPS for the current year.

Materion Announces Dividend

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

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.