Advisors Asset Management Inc. Buys 7,615 Shares of Materion Corporation $MTRN

Advisors Asset Management Inc. boosted its stake in Materion Corporation (NYSE:MTRN) by 230.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,918 shares of the basic materials company’s stock after purchasing an additional 7,615 shares during the period. Advisors Asset Management Inc. owned about 0.05% of Materion worth $1,319,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MTRN. State Street Corp lifted its stake in shares of Materion by 28.0% in the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after acquiring an additional 283,998 shares during the last quarter. Trigran Investments Inc. grew its position in Materion by 0.5% during the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock worth $63,397,000 after acquiring an additional 3,982 shares during the last quarter. Geode Capital Management LLC increased its holdings in Materion by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 487,186 shares of the basic materials company’s stock worth $38,673,000 after purchasing an additional 10,468 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in Materion by 12.7% in the second quarter. Segall Bryant & Hamill LLC now owns 271,151 shares of the basic materials company’s stock valued at $21,521,000 after purchasing an additional 30,503 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Materion by 222.3% in the second quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company’s stock valued at $18,923,000 after purchasing an additional 164,433 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Stock Up 0.5%

Shares of NYSE MTRN opened at $159.76 on Tuesday. The company’s 50 day moving average price is $137.69 and its 200-day moving average price is $124.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.11. Materion Corporation has a 52-week low of $69.10 and a 52-week high of $172.03. The company has a market capitalization of $3.31 billion, a P/E ratio of 44.50 and a beta of 0.87.

Materion (NYSE:MTRN) last released its earnings results on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. The business had revenue of $489.75 million during the quarter, compared to analysts’ expectations of $448.78 million. Materion had a return on equity of 12.36% and a net margin of 4.19%.The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Equities analysts forecast that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Thursday, February 19th will be paid 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 is Thursday, February 19th. Materion’s dividend payout ratio is 15.60%.

Analysts Set New Price Targets

MTRN has been the topic of several research reports. KeyCorp boosted their price target on Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $170.00.

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.