JPMorgan Chase & Co. Grows Stake in Materion Corporation $MTRN

JPMorgan Chase & Co. lifted its holdings in shares of Materion Corporation (NYSE:MTRN) by 155.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,626 shares of the basic materials company’s stock after acquiring an additional 116,091 shares during the period. JPMorgan Chase & Co. owned 0.92% of Materion worth $23,030,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Montag A & Associates Inc. increased its stake 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 lifted 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 buying an additional 225 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Materion in the 1st quarter valued at $34,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Materion in the 3rd quarter valued at $35,000. Finally, Advisory Services Network LLC purchased a new position in shares of Materion in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Stock Up 2.7%

Materion stock opened at $141.75 on Wednesday. The stock has a 50 day moving average of $147.73 and a two-hundred day moving average of $131.79. 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 $2.94 billion, a price-to-earnings ratio of 39.49 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 earnings results on Thursday, February 12th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Materion had a return on equity of 12.36% and a net margin of 4.19%.The business had revenue of $489.75 million for the quarter, compared to analyst estimates of $448.78 million. During the same quarter in the previous year, the company 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Thursday, February 19th were given a dividend of $0.14 per share. 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 is presently 15.60%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MTRN shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. KeyCorp upped their price objective 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. Finally, Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $170.00.

Insider Activity at Materion

In other news, CFO Shelly Marie Chadwick sold 8,976 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $146.13, for a total value of $1,311,662.88. Following the completion of the sale, the chief financial officer owned 16,139 shares in the company, valued at approximately $2,358,392.07. This trade represents a 35.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jugal K. Vijayvargiya sold 12,963 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $148.56, for a total transaction of $1,925,783.28. Following the transaction, the chief executive officer owned 130,253 shares in the company, valued at approximately $19,350,385.68. This trade represents a 9.05% 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 worth $7,548,444 in the last 90 days. Corporate 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.