HighTower Advisors LLC Cuts Holdings in Materion Corporation $MTRN

HighTower Advisors LLC decreased its position in Materion Corporation (NYSE:MTRN) by 40.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,999 shares of the basic materials company’s stock after selling 26,276 shares during the period. HighTower Advisors LLC owned 0.19% of Materion worth $11,598,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Materion by 182.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after buying an additional 225 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in Materion during the second quarter worth $32,000. Jones Financial Companies Lllp purchased a new position in Materion in the first quarter worth $34,000. Measured Wealth Private Client Group LLC purchased a new position in Materion in the third quarter worth $35,000. Finally, Kestra Advisory Services LLC bought a new position in Materion in the 4th quarter valued at $40,000. Institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling

In other Materion news, CFO Shelly Chadwick sold 1,705 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $293.00, for a total value of $499,565.00. Following the completion of the transaction, the chief financial officer owned 15,246 shares in the company, valued at $4,467,078. This trade represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jugal Vijayvargiya sold 24,336 shares of Materion stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $291.62, for a total value of $7,096,864.32. Following the transaction, the chief executive officer directly owned 116,699 shares of the company’s stock, valued at $34,031,762.38. The trade was a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 29,053 shares of company stock worth $8,301,958. Company insiders own 2.80% of the company’s stock.

Materion Price Performance

Shares of NYSE:MTRN opened at $254.08 on Thursday. The firm has a market capitalization of $5.29 billion, a PE ratio of 59.23 and a beta of 1.08. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $248.97 and a two-hundred day moving average price of $211.95. Materion Corporation has a twelve month low of $109.25 and a twelve month high of $304.58.

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

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Thursday, August 20th were paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 20th. Materion’s payout ratio is presently 13.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MTRN shares. KeyCorp lifted their target price on Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Jefferies Financial Group began coverage on shares of Materion in a research report on Wednesday, September 2nd. They set a “buy” rating and a $314.00 price target for the company. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 24th. Finally, Zacks Research raised shares of Materion from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $310.00.

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.