Man Group plc Invests $1.61 Million in Materion Corporation $MTRN

Man Group plc bought a new position in Materion Corporation (NYSE:MTRN) during the second quarter, HoldingsChannel reports. The firm bought 5,422 shares of the basic materials company’s stock, valued at approximately $1,612,000.

Several other hedge funds have also bought and sold shares of the business. Contravisory Investment Management Inc. raised its holdings in Materion by 2.2% during the second quarter. Contravisory Investment Management Inc. now owns 1,867 shares of the basic materials company’s stock worth $555,000 after buying an additional 40 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Materion by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 4,760 shares of the basic materials company’s stock valued at $689,000 after buying an additional 63 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Materion by 22.3% during the first quarter. EverSource Wealth Advisors LLC now owns 395 shares of the basic materials company’s stock valued at $57,000 after buying an additional 72 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Materion by 4.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,266 shares of the basic materials company’s stock worth $282,000 after acquiring an additional 91 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its holdings in Materion by 2.9% during the 4th quarter. Wealthspire Advisors LLC now owns 3,219 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Insider Activity

In related news, Director Vinod M. Khilnani sold 2,000 shares of Materion stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $235.16, for a total value of $470,320.00. Following the completion of the transaction, the director directly owned 11,171 shares in the company, valued at approximately $2,626,972.36. The trade was a 15.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jugal K. Vijayvargiya sold 24,336 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $291.62, for a total transaction of $7,096,864.32. Following the sale, the chief executive officer directly owned 116,699 shares in the company, valued at $34,031,762.38. The trade was a 17.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,041 shares of company stock valued at $8,066,749 over the last quarter. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

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

Materion Stock Down 1.2%

Shares of NYSE MTRN opened at $233.32 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.29. The stock has a market capitalization of $4.86 billion, a PE ratio of 54.39 and a beta of 1.08. Materion Corporation has a one year low of $107.72 and a one year high of $304.58. The business’s fifty day moving average price is $253.59 and its 200-day moving average price is $208.16.

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

Materion Announces Dividend

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

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.