OP Asset Management Ltd Makes New $244,000 Investment in Materion Corporation $MTRN

OP Asset Management Ltd acquired a new stake in Materion Corporation (NYSE:MTRN) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,685 shares of the basic materials company’s stock, valued at approximately $244,000.

Several other large investors have also modified their holdings of the company. First Eagle Investment Management LLC acquired a new stake in Materion during the 3rd quarter worth $2,960,000. Royce & Associates LP purchased a new position in Materion during the 3rd quarter worth $11,779,000. Harvey Partners LLC acquired a new position in Materion in the third quarter valued at $38,418,000. UBS Group AG increased its stake in Materion by 18.8% in the fourth quarter. UBS Group AG now owns 60,378 shares of the basic materials company’s stock valued at $7,506,000 after purchasing an additional 9,576 shares during the period. Finally, King Luther Capital Management Corp raised its holdings in shares of Materion by 95.1% in the fourth quarter. King Luther Capital Management Corp now owns 74,075 shares of the basic materials company’s stock valued at $9,209,000 after buying an additional 36,112 shares during the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Robert W. Baird started coverage on Materion in a research note on Wednesday, April 1st. They set an “outperform” rating for the company. KeyCorp increased their price objective on Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $237.00.

Materion Stock Up 3.0%

Shares of Materion stock opened at $298.31 on Wednesday. Materion Corporation has a one year low of $78.40 and a one year high of $298.87. The company has a market cap of $6.20 billion, a P/E ratio of 81.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. The firm has a fifty day moving average of $223.40 and a two-hundred day moving average of $172.22.

Materion (NYSE:MTRN) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The business had revenue of $261.79 million for the quarter, compared to the consensus estimate of $479.03 million. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, analysts forecast that Materion Corporation will post 6.47 earnings per share for the current year.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 28th were issued a $0.145 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. This is a boost from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio is presently 15.85%.

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.