Ceredex Value Advisors LLC Cuts Stock Position in Materion Corporation $MTRN

Ceredex Value Advisors LLC trimmed its position in shares of Materion Corporation (NYSE:MTRN) by 31.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,875 shares of the basic materials company’s stock after selling 29,475 shares during the quarter. Ceredex Value Advisors LLC owned 0.30% of Materion worth $7,596,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Montag A & Associates Inc. lifted its position in shares of Materion by 1,607.7% during the third quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 209 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Materion in the first quarter valued at approximately $34,000. GAMMA Investing LLC increased its stake in Materion by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 494 shares of the basic materials company’s stock worth $60,000 after buying an additional 135 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Materion by 25.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after buying an additional 118 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Materion

In other Materion news, VP Gregory R. Chemnitz sold 4,517 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total transaction of $710,614.44. Following the transaction, the vice president owned 5,930 shares of the company’s stock, valued at approximately $932,907.60. This trade represents a 43.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jugal K. Vijayvargiya sold 12,963 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $148.56, for a total value of $1,925,783.28. Following the completion of the sale, the chief executive officer directly owned 130,253 shares of the company’s stock, valued at $19,350,385.68. The trade was a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 49,549 shares of company stock valued at $7,548,444. Corporate insiders own 2.60% of the company’s stock.

Materion Stock Performance

Shares of MTRN opened at $147.34 on Wednesday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 41.04 and a beta of 0.84. Materion Corporation has a 52-week low of $69.10 and a 52-week high of $172.03. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average price of $146.39 and a 200 day moving average price of $129.76.

Materion (NYSE:MTRN) last released its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 earnings per share 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 company had revenue of $489.75 million for the quarter, compared to analysts’ expectations of $448.78 million. During the same quarter last year, the company earned $1.55 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Research analysts predict that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Announces Dividend

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

Wall Street Analysts Forecast Growth

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