Copeland Capital Management LLC Increases Stock Holdings in Materion Corporation $MTRN

Copeland Capital Management LLC boosted its stake in Materion Corporation (NYSE:MTRN) by 16.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 465,746 shares of the basic materials company’s stock after acquiring an additional 64,289 shares during the quarter. Copeland Capital Management LLC owned about 2.24% of Materion worth $36,966,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Materion during the first quarter valued at approximately $34,000. GAMMA Investing LLC grew its holdings in Materion by 722.2% during the 1st quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 1,885 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Materion during the 1st quarter worth $201,000. Dover Advisors LLC purchased a new stake in Materion during the 2nd quarter worth $209,000. Finally, MQS Management LLC acquired a new position in Materion in the 1st quarter worth $212,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Stock Performance

Shares of MTRN stock opened at $123.63 on Friday. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 154.53 and a beta of 0.91. Materion Corporation has a one year low of $69.10 and a one year high of $125.12. The company’s 50-day simple moving average is $111.56 and its 200-day simple moving average is $91.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.25 and a current ratio of 3.17.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.19. The firm had revenue of $431.66 million for the quarter, compared to analysts’ expectations of $403.73 million. Materion had a return on equity of 12.69% and a net margin of 0.94%.Materion’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. Equities analysts anticipate that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 22nd. Materion’s payout ratio is currently 70.00%.

Insiders Place Their Bets

In other news, Director N Mohan Reddy sold 1,155 shares of Materion stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $105.45, for a total value of $121,794.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $105.34, for a total transaction of $120,087.60. The disclosure for this sale can be found here. Insiders sold a total of 5,295 shares of company stock valued at $557,392 over the last 90 days. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MTRN has been the subject of several recent analyst reports. KeyCorp raised their target price on Materion from $115.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Materion presently has an average rating of “Buy” and an average price target of $117.00.

Materion Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.