Materion Corporation $MTRN Shares Newly Purchased by Congress Asset Management Co.

Congress Asset Management Co. bought a new position in shares of Materion Corporation (NYSE:MTRN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 192,274 shares of the basic materials company’s stock, valued at approximately $51,835,000. Congress Asset Management Co. owned approximately 0.92% of Materion as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MTRN. Polaris Financial Partners purchased a new stake in Materion during the third quarter worth approximately $36,000. SkyView Investment Advisors LLC raised its stake in shares of Materion by 9.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 1,550 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 136 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Materion in the 2nd quarter valued at $305,000. Engineers Gate Manager LP acquired a new position in shares of Materion during the 2nd quarter valued at $319,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Materion during the 2nd quarter valued at $76,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Wall Street Analysts Forecast Growth

MTRN has been the subject of several recent research reports. Jefferies Financial Group started coverage on Materion in a report on Wednesday, September 2nd. They issued a “buy” rating and a $314.00 price target for the company. Wall Street Zen upgraded Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised Materion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. KeyCorp increased their target price on Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Zacks Research upgraded Materion from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Materion presently has a consensus rating of “Buy” and an average target price of $310.00.

Materion Stock Down 2.2%

Shares of MTRN stock traded down $7.11 on Tuesday, hitting $312.07. The stock had a trading volume of 410,601 shares, compared to its average volume of 287,254. The stock’s 50 day moving average is $253.40 and its 200-day moving average is $226.23. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 72.74 and a beta of 1.05. Materion Corporation has a 52-week low of $109.61 and a 52-week high of $324.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.29 and a current ratio of 2.94.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The firm had revenue of $308.19 million for the quarter, compared to the consensus estimate of $549.82 million. During the same quarter in the previous year, the firm posted $1.37 EPS. The firm’s quarterly revenue was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, research analysts expect 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 20th. Materion’s payout ratio is presently 13.52%.

Insiders Place Their Bets

In related news, Director Emily Liggett sold 1,012 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $232.42, for a total value of $235,209.04. Following the transaction, the director owned 3,161 shares in the company, valued at approximately $734,679.62. The trade was a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Vinod Khilnani sold 2,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $235.16, for a total value of $470,320.00. Following the completion of the transaction, the director directly owned 11,171 shares of the company’s stock, valued at $2,626,972.36. This represents a 15.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 29,053 shares of company stock worth $8,301,958. 2.80% of the stock is owned by insiders.

Materion Profile

Materion Corporation is an advanced materials company that develops, manufactures and supplies highly engineered materials and related products for demanding industrial applications. Its portfolio includes specialty alloys, beryllium and beryllium-based materials, precious-metal products, inorganic chemicals, thin-film materials and precision optical components.

The company’s products are used in semiconductor manufacturing, aerospace and defense, medical technology, telecommunications, automotive systems, consumer electronics and other high-technology markets.