Summit Global Investments Sells 2,952 Shares of Materion Corporation $MTRN

Summit Global Investments lowered its holdings in Materion Corporation (NYSE:MTRN) by 64.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,635 shares of the basic materials company’s stock after selling 2,952 shares during the period. Summit Global Investments’ holdings in Materion were worth $237,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank increased its position in shares of Materion by 0.5% during the 1st quarter. Swiss National Bank now owns 41,000 shares of the basic materials company’s stock valued at $5,931,000 after purchasing an additional 200 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Materion by 12.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,074 shares of the basic materials company’s stock worth $1,747,000 after buying an additional 1,331 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Materion by 3,571.4% during the first quarter. Hillsdale Investment Management Inc. now owns 2,570 shares of the basic materials company’s stock valued at $372,000 after buying an additional 2,500 shares during the period. Principal Financial Group Inc. grew its position in Materion by 21.5% during the first quarter. Principal Financial Group Inc. now owns 120,164 shares of the basic materials company’s stock valued at $17,382,000 after buying an additional 21,295 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Materion by 4,693.8% during the first quarter. Fifth Third Bancorp now owns 6,951 shares of the basic materials company’s stock worth $1,006,000 after buying an additional 6,806 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MTRN. Robert W. Baird began coverage on shares of Materion in a research report on Wednesday, April 1st. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Materion in a research report on Wednesday, May 13th. Finally, KeyCorp raised their price target on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Materion currently has an average rating of “Moderate Buy” and a consensus target price of $237.00.

Materion Stock Down 1.2%

MTRN stock opened at $247.71 on Friday. The stock has a fifty day moving average of $245.14 and a 200-day moving average of $187.46. Materion Corporation has a fifty-two week low of $91.62 and a fifty-two week high of $298.87. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 67.68 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The business had revenue of $261.79 million for the quarter, compared to analysts’ expectations of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities research analysts predict that Materion Corporation will post 6.45 earnings per share for the current year.

Materion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were given a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. This is an increase from Materion’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, May 28th. Materion’s payout ratio is presently 15.85%.

About Materion

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.