BNP Paribas Financial Markets Boosts Holdings in Materion Corporation $MTRN

BNP Paribas Financial Markets raised its holdings in shares of Materion Corporation (NYSE:MTRN) by 82.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 63,113 shares of the basic materials company’s stock after purchasing an additional 28,473 shares during the period. BNP Paribas Financial Markets’ holdings in Materion were worth $7,846,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its holdings in Materion by 28.0% during 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 acquiring an additional 283,998 shares in the last quarter. Trigran Investments Inc. increased its holdings in Materion by 0.5% during the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock valued at $63,397,000 after acquiring an additional 3,982 shares in the last quarter. American Century Companies Inc. increased its holdings in Materion by 53.2% during the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock valued at $44,121,000 after acquiring an additional 126,794 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in Materion by 28.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 349,500 shares of the basic materials company’s stock valued at $42,223,000 after acquiring an additional 78,349 shares in the last quarter. Finally, Harvey Partners LLC purchased a new position in Materion during the 3rd quarter valued at about $38,418,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Materion Price Performance

Materion stock opened at $231.85 on Wednesday. Materion Corporation has a 1 year low of $76.09 and a 1 year high of $234.05. The firm has a 50 day moving average price of $190.36 and a 200 day moving average price of $156.83. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 63.35 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.

Materion (NYSE:MTRN) last released 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 net margin of 3.99% and a return on equity of 12.45%. The firm had revenue of $261.79 million during the quarter, compared to the consensus estimate of $479.03 million. During the same period in the previous year, the firm earned $1.13 earnings per share. Materion’s 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. Sell-side analysts predict that Materion Corporation will post 6.48 earnings per share for the current year.

Materion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 28th will be issued a $0.145 dividend. The ex-dividend date is Thursday, May 28th. This is a positive change from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a yield of 0.3%. Materion’s payout ratio is presently 15.85%.

Materion 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.