13,852 Shares in Materion Corporation $MTRN Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC bought a new stake in shares of Materion Corporation (NYSE:MTRN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,852 shares of the basic materials company’s stock, valued at approximately $1,673,000. Oliver Luxxe Assets LLC owned about 0.07% of Materion at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of 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 purchasing an additional 283,998 shares in the last quarter. American Century Companies Inc. boosted its stake in Materion by 222.3% during the 2nd quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company’s stock worth $18,923,000 after purchasing an additional 164,433 shares during the last quarter. Copeland Capital Management LLC boosted its stake in Materion by 16.0% during the 2nd quarter. Copeland Capital Management LLC now owns 465,746 shares of the basic materials company’s stock worth $36,966,000 after purchasing an additional 64,289 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Materion by 313.6% during the second quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company’s stock worth $6,510,000 after buying an additional 62,187 shares in the last quarter. Finally, Gendell Jeffrey L acquired a new stake in shares of Materion in the second quarter valued at about $4,865,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling

In other news, VP Gregory R. Chemnitz sold 864 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $113.23, for a total value of $97,830.72. Following the transaction, the vice president owned 10,376 shares of the company’s stock, valued at $1,174,874.48. This represents a 7.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by corporate insiders.

Materion Price Performance

Materion stock opened at $137.88 on Monday. The company has a current ratio of 3.29, a quick ratio of 1.31 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $123.24 and a 200 day moving average price of $114.23. Materion Corporation has a 12-month low of $69.10 and a 12-month high of $138.12. The stock has a market cap of $2.86 billion, a P/E ratio of 145.13 and a beta of 0.86.

Materion (NYSE:MTRN) last posted its earnings results on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share for the quarter. The company had revenue of $230.20 million for the quarter. Materion had a net margin of 1.12% and a return on equity of 12.66%. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. Sell-side analysts anticipate that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.56 annualized dividend and a yield of 0.4%. Materion’s dividend payout ratio (DPR) is 58.95%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MTRN shares. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research lowered shares of Materion from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Materion has a consensus rating of “Hold” and a consensus target price of $117.00.

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.