Gamco Investors INC. ET AL Has $23.58 Million Stock Holdings in Materion Corporation $MTRN

Gamco Investors INC. ET AL grew its stake in shares of Materion Corporation (NYSE:MTRN) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,150 shares of the basic materials company’s stock after purchasing an additional 8,000 shares during the quarter. Gamco Investors INC. ET AL owned about 0.94% of Materion worth $23,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC bought a new position in shares of Materion in the first quarter valued at $201,000. Millennium Management LLC increased its holdings in Materion by 54.1% during the first quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock worth $7,280,000 after buying an additional 31,305 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Materion during the first quarter worth $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Materion by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company’s stock worth $4,410,000 after acquiring an additional 5,894 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Materion by 44.9% in the first quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock valued at $2,882,000 after acquiring an additional 10,940 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MTRN shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday. Finally, KeyCorp raised their target price on shares of Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $170.00.

Materion Stock Down 4.1%

MTRN opened at $144.20 on Friday. The stock’s fifty day simple moving average is $145.59 and its 200 day simple moving average is $129.01. Materion Corporation has a 1-year low of $69.10 and a 1-year high of $172.03. The stock has a market cap of $2.99 billion, a PE ratio of 40.17 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 released 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. Materion had a net margin of 4.19% and a return on equity of 12.36%. The firm had revenue of $489.75 million during the quarter, compared to analysts’ expectations of $448.78 million. During the same period in the previous year, the business posted $1.55 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Thursday, February 19th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, February 19th. Materion’s dividend payout ratio (DPR) is currently 15.60%.

Insider Buying and Selling at Materion

In related news, VP Gregory R. Chemnitz sold 4,517 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $157.32, for a total value of $710,614.44. Following the transaction, the vice president owned 5,930 shares in the company, valued at approximately $932,907.60. This represents a 43.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jugal K. Vijayvargiya sold 12,245 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $156.86, for a total transaction of $1,920,750.70. Following the completion of the transaction, the chief executive officer directly owned 118,008 shares in the company, 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 have sold a total of 49,549 shares of company stock worth $7,548,444 in the last ninety days. Insiders own 2.60% of the company’s stock.

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.