Heartland Advisors Inc. Sells 29,581 Shares of Materion Corporation $MTRN

Heartland Advisors Inc. cut its holdings in shares of Materion Corporation (NYSE:MTRN) by 36.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,859 shares of the basic materials company’s stock after selling 29,581 shares during the quarter. Heartland Advisors Inc. owned about 0.25% of Materion worth $6,323,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Maseco LLP bought a new position in Materion during the fourth quarter worth $27,000. Montag A & Associates Inc. raised its position in shares of 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 period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Materion during the 3rd quarter worth about $35,000. EverSource Wealth Advisors LLC lifted its stake 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. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Materion by 69.8% during the 4th quarter. Hantz Financial Services Inc. now owns 360 shares of the basic materials company’s stock worth $45,000 after buying an additional 148 shares during the period. Institutional investors own 93.56% of the company’s stock.

Materion Stock Performance

NYSE:MTRN opened at $224.67 on Thursday. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 61.38 and a beta of 1.08. Materion Corporation has a fifty-two week low of $76.09 and a fifty-two week high of $236.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. The stock has a fifty day moving average price of $192.11 and a 200-day moving average price of $157.61.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. Materion had a return on equity of 12.45% and a net margin of 3.99%.The company had revenue of $261.79 million for the quarter, compared to analysts’ expectations of $479.03 million. During the same quarter last year, the business earned $1.13 earnings per share. Materion’s revenue was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities analysts anticipate that Materion Corporation will post 6.48 EPS for the current fiscal year.

Materion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 28th will be given a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, May 28th. This is a boost from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio is presently 15.85%.

Analysts Set New Price Targets

A number of research analysts recently commented on MTRN shares. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. KeyCorp raised their price objective on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a research report on Wednesday, May 13th. Finally, Robert W. Baird assumed coverage on Materion in a research note on Wednesday, April 1st. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Materion presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.00.

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.