Materion Corporation $MTRN Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in Materion Corporation (NYSE:MTRN) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,382 shares of the basic materials company’s stock after acquiring an additional 884 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Materion worth $982,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTRN. Jones Financial Companies Lllp purchased a new stake in Materion during the 1st quarter worth about $34,000. GAMMA Investing LLC grew its position in shares of Materion by 722.2% during the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company’s stock worth $175,000 after buying an additional 1,885 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Materion during the first quarter worth approximately $201,000. MQS Management LLC purchased a new stake in shares of Materion during the first quarter worth approximately $212,000. Finally, Dover Advisors LLC acquired a new stake in Materion in the second quarter valued at approximately $209,000. 93.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. KeyCorp boosted their price target on shares of Materion from $115.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Materion currently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

Materion Stock Up 0.8%

Shares of NYSE:MTRN opened at $124.50 on Monday. Materion Corporation has a 1-year low of $69.10 and a 1-year high of $125.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.17 and a quick ratio of 1.25. The stock has a market cap of $2.58 billion, a P/E ratio of 155.62 and a beta of 0.91. The firm has a fifty day moving average price of $112.15 and a 200 day moving average price of $92.01.

Materion (NYSE:MTRN) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.19. Materion had a net margin of 0.94% and a return on equity of 12.69%. The business had revenue of $431.66 million during the quarter, compared to analysts’ expectations of $403.73 million. During the same period in the prior year, the company earned $1.42 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. Sell-side analysts predict that Materion Corporation will post 5.5 EPS for the current year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd 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 Friday, August 22nd. Materion’s dividend payout ratio (DPR) is presently 70.00%.

Insider Buying and Selling at Materion

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