US Bancorp DE Purchases 6,599 Shares of Materion Corporation $MTRN

US Bancorp DE raised its position in Materion Corporation (NYSE:MTRN) by 475.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,987 shares of the basic materials company’s stock after acquiring an additional 6,599 shares during the period. US Bancorp DE’s holdings in Materion were worth $965,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MTRN. Amalgamated Bank grew its holdings in shares of Materion by 1.5% during the 3rd quarter. Amalgamated Bank now owns 6,018 shares of the basic materials company’s stock worth $727,000 after purchasing an additional 87 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Materion by 0.4% in the third quarter. Nisa Investment Advisors LLC now owns 23,357 shares of the basic materials company’s stock valued at $2,822,000 after purchasing an additional 100 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Materion by 25.3% in the second quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 118 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Materion by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 3,160 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 126 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Materion by 37.6% during the third quarter. GAMMA Investing LLC now owns 494 shares of the basic materials company’s stock worth $60,000 after buying an additional 135 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling at Materion

In related news, VP Gregory R. Chemnitz sold 4,517 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $157.32, for a total transaction of $710,614.44. Following the completion of the sale, the vice president owned 5,930 shares in the company, valued at $932,907.60. This trade represents a 43.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jugal K. Vijayvargiya sold 12,245 shares of Materion stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $156.86, for a total transaction of $1,920,750.70. Following the transaction, the chief executive officer directly owned 118,008 shares of the company’s stock, valued at $18,510,734.88. This represents a 9.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,549 shares of company stock worth $7,548,444 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Materion Price Performance

Materion stock opened at $144.20 on Friday. The business has a 50 day simple moving average of $145.59 and a 200 day simple moving average of $129.01. 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 company has a market capitalization of $2.99 billion, a PE ratio of 40.17 and a beta of 0.84. Materion Corporation has a one year low of $69.10 and a one year 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 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 firm had revenue of $489.75 million for the quarter, compared to analysts’ expectations of $448.78 million. During the same period in the prior year, the business posted $1.55 earnings per share. The business’s 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. On average, sell-side analysts forecast that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Thursday, February 19th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. Materion’s dividend payout ratio is presently 15.60%.

Analysts Set New Price Targets

MTRN has been the topic of several analyst reports. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday. KeyCorp raised their price objective on shares of Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $170.00.

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.