Oliver Luxxe Assets LLC Makes New $1.67 Million Investment in Materion Corporation $MTRN

Oliver Luxxe Assets LLC purchased a new stake in shares of Materion Corporation (NYSE:MTRN) in the third quarter, HoldingsChannel reports. The firm purchased 13,852 shares of the basic materials company’s stock, valued at approximately $1,673,000.

Several other large investors have also recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its position in shares of Materion by 0.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 23,357 shares of the basic materials company’s stock worth $2,822,000 after purchasing an additional 100 shares during the period. Synergy Asset Management LLC acquired a new position in Materion during the third quarter worth $248,000. Merit Financial Group LLC purchased a new position in shares of Materion during the third quarter worth $202,000. Diversified Trust Co purchased a new position in shares of Materion during the third quarter worth $265,000. Finally, Ethic Inc. grew its stake in shares of Materion by 41.1% in the third quarter. Ethic Inc. now owns 8,520 shares of the basic materials company’s stock valued at $1,029,000 after buying an additional 2,482 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTRN has been the topic of several research analyst reports. Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Materion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Materion has a consensus rating of “Hold” and a consensus price target of $117.00.

Insider Transactions at Materion

In related news, VP Gregory R. Chemnitz sold 864 shares of Materion stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $113.23, for a total value of $97,830.72. Following the completion of the transaction, the vice president owned 10,376 shares in the company, valued at $1,174,874.48. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Materion Trading Up 1.2%

NYSE:MTRN opened at $137.88 on Monday. Materion Corporation has a 12-month low of $69.10 and a 12-month high of $138.12. The firm has a market cap of $2.86 billion, a PE ratio of 145.13 and a beta of 0.86. 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 stock has a fifty day moving average price of $123.24 and a 200 day moving average price of $114.23.

Materion (NYSE:MTRN) last issued its quarterly 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 return on equity of 12.66% and a net margin of 1.12%.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 fiscal year.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Thursday, November 13th were issued a $0.14 dividend. 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%.

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.