Legal & General Group Plc Acquires Shares of 50,958 Materion Corporation $MTRN

Legal & General Group Plc acquired a new position in shares of Materion Corporation (NYSE:MTRN) during the second quarter, HoldingsChannel.com reports. The fund acquired 50,958 shares of the basic materials company’s stock, valued at approximately $15,154,000.

Several other institutional investors and hedge funds also recently modified their holdings of MTRN. BlackRock Inc. acquired a new stake in shares of Materion in the second quarter valued at about $1,032,985,000. State Street Corp lifted its position in Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock worth $103,098,000 after acquiring an additional 283,998 shares in the last quarter. Trigran Investments Inc. lifted its position in Materion by 0.5% during the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock worth $63,397,000 after acquiring an additional 3,982 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Materion in the 2nd quarter worth approximately $132,656,000. Finally, Morgan Stanley boosted its holdings in Materion by 12.2% in the 4th quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock worth $53,393,000 after acquiring an additional 46,613 shares during the period. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Activity

In related news, CEO Jugal K. Vijayvargiya sold 24,336 shares of Materion stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $291.62, for a total value of $7,096,864.32. Following the completion of the transaction, the chief executive officer directly owned 116,699 shares in the company, valued at approximately $34,031,762.38. This trade represents a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shelly Marie Chadwick sold 1,705 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $293.00, for a total value of $499,565.00. Following the completion of the sale, the chief financial officer directly owned 15,246 shares of the company’s stock, valued at approximately $4,467,078. This represents a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by insiders.

Materion Price Performance

Shares of NYSE MTRN opened at $238.00 on Monday. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44. Materion Corporation has a fifty-two week low of $107.72 and a fifty-two week high of $304.58. The business has a 50 day moving average price of $255.09 and a two-hundred day moving average price of $207.02. The firm has a market cap of $4.96 billion, a PE ratio of 55.48 and a beta of 1.07.

Materion (NYSE:MTRN) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. The company had revenue of $308.19 million for the quarter, compared to analyst estimates of $549.82 million. Materion had a return on equity of 13.38% and a net margin of 4.29%.Materion’s quarterly revenue was up 42.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 EPS. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Sell-side analysts expect that Materion Corporation will post 7.06 earnings per share for the current fiscal year.

Materion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be given a $0.145 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. Materion’s payout ratio is presently 13.52%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MTRN shares. KeyCorp lifted their price objective on shares of Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 24th. Finally, Zacks Research upgraded shares of Materion from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $306.00.

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.