Materion Corporation $MTRN Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lessened its holdings in shares of Materion Corporation (NYSE:MTRN) by 22.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,276 shares of the basic materials company’s stock after selling 26,729 shares during the period. Granahan Investment Management LLC’s holdings in Materion were worth $11,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTRN. Montag A & Associates Inc. boosted its holdings in Materion by 1,607.7% in the third quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 209 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 225 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Materion during the 1st quarter valued at about $34,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Materion during the 2nd quarter valued at about $50,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Materion in the 2nd quarter valued at about $53,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Vinod M. Khilnani sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $148.86, for a total value of $595,440.00. Following the completion of the sale, the director directly owned 13,665 shares in the company, valued at $2,034,171.90. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jugal K. Vijayvargiya sold 12,963 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $148.56, for a total value of $1,925,783.28. Following the completion of the sale, the chief executive officer owned 130,253 shares of the company’s stock, valued at $19,350,385.68. This trade represents a 9.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,549 shares of company stock worth $7,548,444 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, KeyCorp boosted their price target on Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $170.00.

Materion Stock Down 1.5%

MTRN stock opened at $136.28 on Monday. Materion Corporation has a one year low of $69.10 and a one year high of $172.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.11. The firm’s fifty day moving average is $147.19 and its 200 day moving average is $130.35. The firm has a market cap of $2.83 billion, a PE ratio of 37.96 and a beta of 0.84.

Materion (NYSE:MTRN) last issued its quarterly earnings data 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. Materion had a net margin of 4.19% and a return on equity of 12.36%. The business had revenue of $489.75 million during the quarter, compared to the consensus estimate of $448.78 million. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. On average, research analysts forecast that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Thursday, February 19th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. Materion’s dividend payout ratio is presently 15.60%.

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.