Royce & Associates LP Invests $11.78 Million in Materion Corporation $MTRN

Royce & Associates LP purchased a new position in Materion Corporation (NYSE:MTRN) during the 3rd quarter, HoldingsChannel reports. The firm purchased 97,500 shares of the basic materials company’s stock, valued at approximately $11,779,000.

A number of other institutional investors have also recently added to or reduced their stakes in MTRN. AQR Capital Management LLC acquired a new stake in Materion in the first quarter worth $201,000. Millennium Management LLC grew its position in shares of Materion by 54.1% during the first quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock worth $7,280,000 after acquiring an additional 31,305 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Materion in the 1st quarter worth about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Materion by 12.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company’s stock valued at $4,410,000 after purchasing an additional 5,894 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Materion by 44.9% during the 1st quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock valued at $2,882,000 after purchasing an additional 10,940 shares during the period. 93.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTRN has been the subject of several recent analyst reports. KeyCorp upped their target price on shares of Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings reissued 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, Materion presently has an average rating of “Hold” and an average price target of $170.00.

Insider Transactions at Materion

In related news, CEO Jugal K. Vijayvargiya sold 12,245 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $156.86, for a total transaction of $1,920,750.70. Following the completion of the transaction, the chief executive officer owned 118,008 shares of the company’s stock, valued at $18,510,734.88. This trade represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Gregory R. Chemnitz sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $157.09, for a total transaction of $628,360.00. Following the completion of the sale, the vice president owned 8,572 shares in the company, valued at approximately $1,346,575.48. This trade represents a 31.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 42,184 shares of company stock worth $6,381,997. Corporate insiders own 2.60% of the company’s stock.

Materion Stock Up 2.1%

MTRN stock opened at $166.46 on Tuesday. The firm’s 50-day moving average is $143.53 and its two-hundred day moving average is $128.08. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 46.37 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 current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, beating 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 business had revenue of $489.75 million for the quarter, compared to analyst estimates of $448.78 million. During the same quarter last year, the business earned $1.55 earnings per share. The business’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. On average, analysts forecast that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

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

Materion Company 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.