State of Alaska Department of Revenue Sells 3,172 Shares of Materion Corporation $MTRN

State of Alaska Department of Revenue reduced its position in shares of Materion Corporation (NYSE:MTRN) by 41.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,479 shares of the basic materials company’s stock after selling 3,172 shares during the quarter. State of Alaska Department of Revenue’s holdings in Materion were worth $1,206,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. lifted its position in shares of Materion by 9.5% in the third quarter. Contravisory Investment Management Inc. now owns 2,044 shares of the basic materials company’s stock worth $551,000 after purchasing an additional 177 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of Materion by 2.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 9,841 shares of the basic materials company’s stock worth $2,727,000 after purchasing an additional 248 shares during the period. GAMMA Investing LLC grew its position in Materion by 30.4% during the third quarter. GAMMA Investing LLC now owns 917 shares of the basic materials company’s stock valued at $247,000 after purchasing an additional 214 shares in the last quarter. Farther Finance Advisors LLC grew its position in Materion by 21.6% during the third quarter. Farther Finance Advisors LLC now owns 389 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 69 shares in the last quarter. Finally, Congress Asset Management Co. acquired a new position in Materion in the 3rd quarter valued at approximately $51,835,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Stock Performance

MTRN opened at $239.33 on Wednesday. Materion Corporation has a 12-month low of $109.61 and a 12-month high of $324.98. The firm has a market capitalization of $4.99 billion, a P/E ratio of 55.79 and a beta of 1.05. The stock’s 50 day moving average price is $258.45 and its two-hundred day moving average price is $236.00. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. Materion had a return on equity of 13.38% and a net margin of 4.29%. The business had revenue of $308.19 million for the quarter, compared to the consensus estimate of $549.82 million. During the same period last year, the business earned $1.37 earnings per share. The firm’s revenue for the quarter was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. On average, equities analysts forecast that Materion Corporation will post 7.04 earnings per share for the current year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, August 20th were given a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 20th. Materion’s payout ratio is 13.52%.

Wall Street Analyst Weigh In

MTRN has been the subject of a number of research reports. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. KeyCorp lifted their price objective on Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Jefferies Financial Group started coverage on Materion in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $314.00 target price on the stock. Weiss Ratings raised Materion from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Finally, Zacks Research downgraded Materion from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $310.00.

Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Chadwick sold 1,705 shares of Materion stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $293.00, for a total transaction of $499,565.00. Following the sale, the chief financial officer directly owned 15,246 shares of the company’s stock, valued at approximately $4,467,078. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jugal K. Vijayvargiya sold 24,336 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 116,699 shares in the company, valued at approximately $34,031,762.38. This represents a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 29,053 shares of company stock worth $8,301,958. Insiders own 2.80% of the company’s stock.

Materion Profile

Materion Corporation is an advanced materials company that develops, manufactures and supplies engineered materials for demanding applications. Its product portfolio includes beryllium and beryllium-aluminum alloys, specialty metals, precious-metal and clad materials, thin-film coating materials, optical filters and other precision components.

The company’s materials and products are used in aerospace and defense, semiconductor manufacturing, communications, medical technology, energy, automotive and other industrial markets.