Heartland Advisors Inc. Trims Stake in Materion Corporation $MTRN

Heartland Advisors Inc. lessened its position in shares of Materion Corporation (NYSE:MTRN) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,440 shares of the basic materials company’s stock after selling 10,403 shares during the quarter. Heartland Advisors Inc. owned 0.39% of Materion worth $9,718,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Oliver Luxxe Assets LLC acquired a new stake in Materion during the third quarter worth about $1,673,000. Jackson Creek Investment Advisors LLC purchased a new stake in Materion during the third quarter worth $1,946,000. AXQ Capital LP purchased a new position in shares of Materion in the 2nd quarter valued at about $469,000. American Century Companies Inc. increased its stake in Materion by 222.3% during the 2nd quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company’s stock worth $18,923,000 after buying an additional 164,433 shares in the last quarter. Finally, Old West Investment Management LLC purchased a new position in Materion in the 3rd quarter valued at $841,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTRN has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. KeyCorp boosted their target price on Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Materion has a consensus rating of “Hold” and a consensus target price of $170.00.

Materion Trading Up 0.5%

Shares of Materion stock opened at $159.76 on Tuesday. The stock has a 50 day moving average of $137.69 and a 200 day moving average of $124.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.11. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 44.50 and a beta of 0.87. Materion Corporation has a fifty-two week low of $69.10 and a fifty-two week high of $172.03.

Materion (NYSE:MTRN) last announced its quarterly 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. The business had revenue of $489.75 million for the quarter, compared to analyst estimates of $448.78 million. Materion had a return on equity of 12.36% and a net margin of 4.19%.The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, research analysts predict that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, February 19th. Materion’s dividend payout ratio (DPR) is currently 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.