Penn Capital Management Company LLC Makes New $668,000 Investment in Materion Corporation $MTRN

Penn Capital Management Company LLC acquired a new stake in Materion Corporation (NYSE:MTRN) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,531 shares of the basic materials company’s stock, valued at approximately $668,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Montag A & Associates Inc. boosted its position in shares of Materion by 1,607.7% during the 3rd 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 in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Materion in the 3rd quarter valued at about $35,000. EverSource Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 225 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Materion during the 3rd quarter worth about $46,000. Finally, Quarry LP lifted its stake in Materion by 2,685.7% during the third quarter. Quarry LP now owns 390 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 376 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MTRN shares. KeyCorp upped 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. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $170.00.

Materion Stock Down 2.2%

Materion stock opened at $141.29 on Thursday. The stock has a 50 day moving average of $147.85 and a two-hundred day moving average of $130.90. Materion Corporation has a twelve month low of $69.10 and a twelve month high of $172.03. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 39.36 and a beta of 0.84. 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 (NYSE:MTRN) last announced its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $489.75 million during the quarter, compared to the consensus estimate of $448.78 million. Materion had a net margin of 4.19% and a return on equity of 12.36%. Materion’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, research analysts expect that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Thursday, February 19th were given a $0.14 dividend. The ex-dividend date 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 (DPR) is presently 15.60%.

Insider Transactions at Materion

In other news, VP Gregory R. Chemnitz sold 4,517 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total value of $710,614.44. Following the completion of the sale, the vice president directly owned 5,930 shares of the company’s stock, valued at $932,907.60. This trade represents a 43.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vinod M. Khilnani sold 4,000 shares of Materion stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $148.86, for a total value of $595,440.00. Following the completion of the sale, the director owned 13,665 shares in the company, valued at approximately $2,034,171.90. This trade represents a 22.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,549 shares of company stock valued at $7,548,444 over the last 90 days. Insiders own 2.60% of the company’s stock.

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.