Fisher Asset Management LLC Grows Stock Position in Materion Corporation $MTRN

Fisher Asset Management LLC boosted its holdings in Materion Corporation (NYSE:MTRN) by 16.9% during the third quarter, HoldingsChannel reports. The fund owned 148,697 shares of the basic materials company’s stock after buying an additional 21,529 shares during the period. Fisher Asset Management LLC’s holdings in Materion were worth $17,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oliver Luxxe Assets LLC purchased a new position in shares of Materion during the 3rd quarter worth $1,673,000. Jackson Creek Investment Advisors LLC acquired a new position in Materion in the third quarter valued at about $1,946,000. Advisors Asset Management Inc. boosted its stake in Materion by 230.5% during the third quarter. Advisors Asset Management Inc. now owns 10,918 shares of the basic materials company’s stock worth $1,319,000 after buying an additional 7,615 shares during the period. AXQ Capital LP purchased a new position in Materion during the second quarter worth about $469,000. Finally, JPMorgan Chase & Co. increased its position in shares of Materion by 155.8% during the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after acquiring an additional 116,091 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Trading Down 0.5%

MTRN opened at $160.44 on Thursday. The business has a fifty day moving average price of $144.83 and a 200 day moving average price of $128.65. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.11 and a quick ratio of 1.29. Materion Corporation has a 12 month low of $69.10 and a 12 month high of $172.03. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 44.69 and a beta of 0.84.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. Materion had a return on equity of 12.36% and a net margin of 4.19%.The business had revenue of $489.75 million during the quarter, compared to analysts’ expectations of $448.78 million. During the same quarter last year, the business posted $1.55 EPS. 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. Sell-side analysts expect that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Thursday, February 19th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. Materion’s dividend payout ratio is currently 15.60%.

Analyst Upgrades and Downgrades

MTRN has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. KeyCorp upped their price target on Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $170.00.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 2,539 shares of Materion stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $160.06, for a total transaction of $406,392.34. Following the completion of the sale, the chief financial officer directly owned 15,243 shares of the company’s stock, valued at $2,439,794.58. The trade was a 14.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Melissa A. Fashinpaur sold 309 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $160.00, for a total value of $49,440.00. Following the transaction, the chief accounting officer directly owned 310 shares of the company’s stock, valued at approximately $49,600. This represents a 49.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 49,549 shares of company stock worth $7,548,444. 2.60% of the stock is currently owned by 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.