Fifth Third Bancorp Has $1.01 Million Stock Position in Materion Corporation $MTRN

Fifth Third Bancorp grew its holdings in shares of Materion Corporation (NYSE:MTRN) by 4,693.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,951 shares of the basic materials company’s stock after purchasing an additional 6,806 shares during the quarter. Fifth Third Bancorp’s holdings in Materion were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of 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 purchasing an additional 283,998 shares during the last quarter. Raymond James Financial Inc. increased its position in Materion by 187.4% during the third quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock worth $20,199,000 after buying an additional 109,017 shares during the last quarter. Qube Research & Technologies Ltd increased its position in Materion by 313.6% during the second quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company’s stock worth $6,510,000 after buying an additional 62,187 shares during the last quarter. Concentric Capital Strategies LP bought a new position in Materion during the fourth quarter valued at about $7,650,000. Finally, Morgan Stanley raised its holdings in Materion by 12.2% during the fourth quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock valued at $53,393,000 after buying an additional 46,613 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MTRN shares. KeyCorp upped their price target on Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Robert W. Baird started coverage on Materion in a report on Wednesday, April 1st. They issued an “outperform” rating for the company. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Materion presently has a consensus rating of “Moderate Buy” and an average price target of $237.00.

Materion Stock Performance

Shares of MTRN opened at $241.23 on Monday. The company has a market capitalization of $5.02 billion, a PE ratio of 65.91 and a beta of 1.03. Materion Corporation has a one year low of $91.62 and a one year high of $298.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.04 and a quick ratio of 1.32. The company’s fifty day moving average price is $245.86 and its 200 day moving average price is $188.24.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The company had revenue of $261.79 million during the quarter, compared to analysts’ expectations of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, analysts expect that Materion Corporation will post 6.45 earnings per share for the current year.

Materion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 28th were paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, May 28th. This is a positive change from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio is currently 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.