Aberdeen Group plc Boosts Position in Materion Corporation $MTRN

Aberdeen Group plc boosted its holdings in Materion Corporation (NYSE:MTRN) by 6.4% in the third quarter, HoldingsChannel.com reports. The firm owned 228,353 shares of the basic materials company’s stock after buying an additional 13,690 shares during the quarter. Aberdeen Group plc’s holdings in Materion were worth $27,067,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Amalgamated Bank boosted its holdings in shares of Materion by 1.5% in the 3rd quarter. Amalgamated Bank now owns 6,018 shares of the basic materials company’s stock valued at $727,000 after buying an additional 87 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Materion by 0.4% during the third quarter. Nisa Investment Advisors LLC now owns 23,357 shares of the basic materials company’s stock worth $2,822,000 after purchasing an additional 100 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Materion by 25.3% during the second quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 118 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Materion by 4.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,160 shares of the basic materials company’s stock valued at $251,000 after purchasing an additional 126 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Materion by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 494 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Wall Street Analyst Weigh In

MTRN has been the subject of a number of research reports. KeyCorp boosted their price objective on Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Materion currently has an average rating of “Hold” and a consensus target price of $170.00.

Materion Trading Down 4.1%

Shares of Materion stock opened at $153.09 on Wednesday. The company has a 50-day moving average of $138.26 and a two-hundred day moving average of $125.08. The stock has a market cap of $3.18 billion, a PE ratio of 42.64 and a beta of 0.87. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48. Materion Corporation has a 12-month low of $69.10 and a 12-month high of $172.03.

Materion (NYSE:MTRN) last released its quarterly earnings results on Thursday, February 12th. The basic materials company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The business had revenue of $489.75 million for the quarter, compared to analysts’ expectations of $448.78 million. Materion had a return on equity of 12.36% and a net margin of 4.19%.The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. On average, research analysts anticipate that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Thursday, February 19th will be given a $0.14 dividend. The ex-dividend date is Thursday, February 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. Materion’s payout ratio is currently 15.60%.

Materion Company 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.