First Eagle Investment Management LLC Takes $2.96 Million Position in Materion Corporation $MTRN

First Eagle Investment Management LLC purchased a new position in Materion Corporation (NYSE:MTRN) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 24,500 shares of the basic materials company’s stock, valued at approximately $2,960,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC raised 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 valued at $28,000 after purchasing an additional 225 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Materion during the 1st quarter worth approximately $34,000. GAMMA Investing LLC raised its position in Materion by 37.6% during the third quarter. GAMMA Investing LLC now owns 494 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 135 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Materion by 25.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 118 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Materion in the second quarter valued at approximately $50,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Vinod M. Khilnani sold 4,000 shares of Materion stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $148.86, for a total transaction of $595,440.00. Following the completion of the transaction, the director owned 13,665 shares of the company’s stock, valued at $2,034,171.90. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jugal K. Vijayvargiya sold 12,245 shares of Materion stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $156.86, for a total value of $1,920,750.70. Following the completion of the transaction, the chief executive officer directly owned 118,008 shares of the company’s stock, valued at approximately $18,510,734.88. This trade represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 49,549 shares of company stock valued at $7,548,444. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MTRN. KeyCorp raised their target price on shares of Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research report 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, Materion currently has a consensus rating of “Hold” and a consensus target price of $170.00.

Materion Stock Performance

Shares of Materion stock opened at $160.44 on Thursday. The firm has a market capitalization of $3.33 billion, a P/E ratio of 44.69 and a beta of 0.84. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $172.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.11 and a quick ratio of 1.29. The company’s 50 day moving average price is $144.83 and its two-hundred day moving average price is $128.65.

Materion (NYSE:MTRN) last posted its earnings results on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. Materion had a return on equity of 12.36% and a net margin of 4.19%.The firm had revenue of $489.75 million during the quarter, compared to the consensus estimate of $448.78 million. During the same period last year, the company earned $1.55 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. On average, equities analysts forecast that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Thursday, February 19th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, February 19th. Materion’s dividend payout ratio is presently 15.60%.

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.