Raymond James Financial Inc. Cuts Stock Position in Materion Corporation $MTRN

Raymond James Financial Inc. lowered its stake in Materion Corporation (NYSE:MTRN) by 35.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,807 shares of the basic materials company’s stock after selling 37,363 shares during the period. Raymond James Financial Inc. owned 0.33% of Materion worth $5,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. boosted its stake in Materion by 7.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company’s stock valued at $54,917,000 after purchasing an additional 47,240 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Materion by 6.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 473,606 shares of the basic materials company’s stock worth $46,830,000 after purchasing an additional 30,262 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Materion by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 268,644 shares of the basic materials company’s stock worth $21,921,000 after purchasing an additional 4,447 shares during the period. Aberdeen Group plc raised its holdings in Materion by 17.0% in the 1st quarter. Aberdeen Group plc now owns 248,565 shares of the basic materials company’s stock worth $20,283,000 after purchasing an additional 36,079 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Materion by 5.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 204,624 shares of the basic materials company’s stock worth $20,233,000 after purchasing an additional 11,201 shares during the period. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Stock Performance

Materion stock opened at $110.86 on Friday. The company has a 50 day moving average price of $99.62 and a 200-day moving average price of $88.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.25 and a current ratio of 3.17. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $123.21. The company has a market capitalization of $2.30 billion, a PE ratio of 138.57 and a beta of 0.91.

Materion (NYSE:MTRN) last posted its quarterly earnings results 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. Materion had a net margin of 0.94% and a return on equity of 12.69%. The firm had revenue of $431.66 million during the quarter, compared to the consensus estimate of $403.73 million. During the same quarter in the previous year, the firm posted $1.42 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, equities analysts forecast that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. Materion’s payout ratio is 70.00%.

Insider Buying and Selling

In other Materion news, Director N Mohan Reddy sold 1,155 shares of Materion stock in a transaction on Monday, August 11th. The shares were sold at an average price of $105.45, for a total value of $121,794.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction on Monday, August 4th. The stock was sold at an average price of $105.17, for a total transaction of $315,510.00. Following the completion of the transaction, the vice president directly owned 10,376 shares in the company, valued at $1,091,243.92. This represents a 22.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,295 shares of company stock valued at $557,392 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MTRN shares. KeyCorp increased their price target on Materion from $115.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded Materion from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $117.00.

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.