Deutsche Bank AG Sells 1,689 Shares of Materion Corporation $MTRN

Deutsche Bank AG reduced its stake in shares of Materion Corporation (NYSE:MTRN) by 9.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,555 shares of the basic materials company’s stock after selling 1,689 shares during the period. Deutsche Bank AG owned about 0.08% of Materion worth $1,351,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTRN. GAMMA Investing LLC lifted its stake in shares of Materion by 722.2% during the 1st quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company’s stock valued at $175,000 after buying an additional 1,885 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Materion during the 1st quarter valued at approximately $212,000. New Age Alpha Advisors LLC purchased a new stake in shares of Materion during the 1st quarter valued at approximately $244,000. Teacher Retirement System of Texas purchased a new stake in shares of Materion during the 1st quarter valued at approximately $248,000. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Materion by 9.6% during the 1st quarter. Central Pacific Bank Trust Division now owns 3,515 shares of the basic materials company’s stock valued at $287,000 after buying an additional 307 shares in the last quarter. 93.56% of the stock is owned by institutional investors.

Materion Stock Performance

Materion stock opened at $113.5010 on Friday. The firm’s fifty day moving average price is $93.85 and its 200-day moving average price is $87.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.25 and a current ratio of 3.17. The stock has a market cap of $2.35 billion, a P/E ratio of 141.88 and a beta of 0.85. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $123.21.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.19. The firm had revenue of $431.66 million for the quarter, compared to analysts’ expectations of $403.73 million. Materion had a net margin of 0.94% and a return on equity of 12.69%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $1.42 EPS. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. On average, equities research analysts expect that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.14 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. Materion’s dividend payout ratio (DPR) is 70.00%.

Analyst Upgrades and Downgrades

MTRN has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research note on Friday. KeyCorp upped their price target on shares of Materion from $115.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $117.00.

Insider Activity

In other news, VP Gregory R. Chemnitz sold 3,000 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $105.17, for a total transaction of $315,510.00. Following the sale, the vice president owned 10,376 shares in the company, valued at approximately $1,091,243.92. This trade represents a 22.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $105.34, for a total transaction of $120,087.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,295 shares of company stock worth $557,392. 2.60% of the stock is currently owned by corporate insiders.

Materion Company Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.