UBS Group AG Raises Stock Position in Materion Corporation $MTRN

UBS Group AG raised its position in shares of Materion Corporation (NYSE:MTRN) by 18.8% in the fourth quarter, HoldingsChannel reports. The firm owned 60,378 shares of the basic materials company’s stock after buying an additional 9,576 shares during the quarter. UBS Group AG’s holdings in Materion were worth $7,506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Harvey Partners LLC purchased a new position in shares of Materion during the 3rd quarter worth $38,418,000. State Street Corp increased its stake in shares of Materion by 28.0% in the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock worth $103,098,000 after purchasing an additional 283,998 shares in the last quarter. American Century Companies Inc. raised its holdings in Materion by 53.2% in the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock worth $44,121,000 after purchasing an additional 126,794 shares during the period. JPMorgan Chase & Co. raised its holdings in Materion by 155.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after purchasing an additional 116,091 shares during the period. Finally, Raymond James Financial Inc. lifted its position in Materion by 187.4% during the third quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock valued at $20,199,000 after purchasing an additional 109,017 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Melissa A. Fashinpaur sold 309 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $160.00, for a total transaction of $49,440.00. Following the sale, the chief accounting officer owned 310 shares in the company, valued at approximately $49,600. This represents a 49.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jugal K. Vijayvargiya sold 12,245 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $156.86, for a total value of $1,920,750.70. Following the completion of the sale, the chief executive officer owned 118,008 shares of the company’s stock, valued at approximately $18,510,734.88. This represents a 9.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 28,586 shares of company stock valued at $4,398,860 over the last quarter. Company insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MTRN shares. KeyCorp boosted their price target on Materion from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Robert W. Baird began coverage on shares of Materion in a report on Wednesday, April 1st. They issued an “outperform” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Materion currently has an average rating of “Moderate Buy” and a consensus price target of $185.00.

Materion Price Performance

MTRN stock opened at $201.81 on Tuesday. Materion Corporation has a 52 week low of $73.61 and a 52 week high of $215.62. The firm has a market capitalization of $4.20 billion, a P/E ratio of 55.14 and a beta of 1.03. The company has a fifty day simple moving average of $165.28 and a two-hundred day simple moving average of $145.12. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50.

Materion (NYSE:MTRN) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $479.03 million. During the same period in the previous year, the firm posted $1.13 EPS. The business’s quarterly revenue was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Analysts anticipate that Materion Corporation will post 6.48 earnings per share for the current fiscal year.

Materion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 28th will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.3%. This is a boost from Materion’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 28th. Materion’s dividend payout ratio (DPR) is currently 15.30%.

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.