Materion Corporation $MTRN Shares Sold by Capital Research Global Investors

Capital Research Global Investors cut its position in shares of Materion Corporation (NYSE:MTRN) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,893,919 shares of the basic materials company’s stock after selling 17,746 shares during the quarter. Capital Research Global Investors owned about 9.13% of Materion worth $235,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. increased its stake in Materion by 1,607.7% during the third quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 209 shares during the last quarter. Maseco LLP acquired a new stake in Materion during the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC increased its stake in Materion by 182.9% during the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Materion during the first quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Materion during the third quarter worth about $35,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Materion Price Performance

MTRN stock opened at $220.44 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. Materion Corporation has a 1 year low of $76.09 and a 1 year high of $233.45. The firm has a market cap of $4.59 billion, a P/E ratio of 60.23 and a beta of 1.08. The stock has a 50-day simple moving average of $186.85 and a 200-day simple moving average of $155.22.

Materion (NYSE:MTRN) last posted its 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. Materion had a return on equity of 12.45% and a net margin of 3.99%.The business had revenue of $261.79 million during the quarter, compared to analyst estimates of $479.03 million. During the same quarter last year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that Materion Corporation will post 6.48 earnings per share for the current fiscal year.

Materion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 28th will be paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Materion’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 28th. Materion’s payout ratio is 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.