Public Sector Pension Investment Board Purchases 9,931 Shares of Materion Corporation $MTRN

Public Sector Pension Investment Board lifted its position in Materion Corporation (NYSE:MTRN) by 14.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,880 shares of the basic materials company’s stock after buying an additional 9,931 shares during the period. Public Sector Pension Investment Board owned approximately 0.39% of Materion worth $9,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new position in Materion in the first quarter worth $201,000. Millennium Management LLC grew its stake in Materion by 54.1% during the 1st 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 acquired a new position in Materion during the 1st quarter valued at about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Materion by 12.2% in 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 valued at $4,410,000 after buying an additional 5,894 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings 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 worth $2,882,000 after acquiring an additional 10,940 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MTRN. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. Finally, KeyCorp lifted their price objective on shares of Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Materion has an average rating of “Hold” and a consensus target price of $170.00.

Materion Price Performance

Shares of NYSE MTRN opened at $159.76 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.11 and a quick ratio of 1.29. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 44.50 and a beta of 0.87. The firm’s 50 day simple moving average is $137.69 and its 200-day simple moving average is $124.74. Materion Corporation has a 12 month low of $69.10 and a 12 month high of $172.03.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Thursday, February 12th. The basic materials company reported $1.53 earnings per share (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 for the quarter, compared to the consensus estimate of $448.78 million. During the same period in the prior year, the firm posted $1.55 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Analysts expect that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Thursday, February 19th will be given a $0.14 dividend. The ex-dividend date is Thursday, February 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.4%. Materion’s payout ratio is 15.60%.

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.