Aberdeen Group plc Sells 32,007 Shares of Materion Corporation $MTRN

Aberdeen Group plc decreased its holdings in shares of Materion Corporation (NYSE:MTRN) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,346 shares of the basic materials company’s stock after selling 32,007 shares during the period. Aberdeen Group plc owned about 0.95% of Materion worth $24,410,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Montag A & Associates Inc. grew its position in Materion by 1,607.7% in the third quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 209 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of Materion in the third quarter valued at approximately $35,000. EverSource Wealth Advisors LLC boosted its stake in Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 225 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Materion during the third quarter worth $46,000. Finally, Quarry LP grew its holdings in shares of Materion by 2,685.7% during the third quarter. Quarry LP now owns 390 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 376 shares during the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. KeyCorp initiated coverage on shares of Materion in a research note on Wednesday, March 25th. They issued an “overweight” rating and a $170.00 target price for the company. Robert W. Baird started coverage on Materion in a research report on Wednesday, April 1st. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $170.00.

Materion Stock Down 0.0%

Shares of NYSE:MTRN opened at $149.10 on Monday. The company has a 50 day moving average price of $147.54 and a two-hundred day moving average price of $133.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.11. The company has a market capitalization of $3.10 billion, a PE ratio of 41.53 and a beta of 0.91. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $172.03.

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

Materion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Thursday, February 19th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, February 19th. Materion’s dividend payout ratio is 15.60%.

Insider Buying and Selling

In other news, Director Vinod M. Khilnani sold 4,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $148.86, for a total transaction of $595,440.00. Following the completion of the sale, the director owned 13,665 shares of the company’s stock, valued at $2,034,171.90. This represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jugal K. Vijayvargiya sold 12,963 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $148.56, for a total transaction of $1,925,783.28. Following the completion of the transaction, the chief executive officer directly owned 130,253 shares of the company’s stock, valued at approximately $19,350,385.68. The trade was a 9.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 49,549 shares of company stock valued at $7,548,444. 2.60% of the stock is owned by corporate insiders.

About Materion

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.