Louisiana State Employees Retirement System Purchases New Position in Materion Corporation $MTRN

Louisiana State Employees Retirement System purchased a new stake in shares of Materion Corporation (NYSE:MTRN) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,200 shares of the basic materials company’s stock, valued at approximately $1,331,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harvey Partners LLC purchased a new position in shares of Materion during the third quarter valued at approximately $38,418,000. UBS Group AG lifted its stake in Materion by 18.8% in the fourth quarter. UBS Group AG now owns 60,378 shares of the basic materials company’s stock worth $7,506,000 after acquiring an additional 9,576 shares during the period. First Eagle Investment Management LLC lifted its stake in Materion by 136.7% in the fourth quarter. First Eagle Investment Management LLC now owns 58,000 shares of the basic materials company’s stock worth $7,211,000 after acquiring an additional 33,500 shares during the period. King Luther Capital Management Corp boosted its holdings in Materion by 95.1% in the fourth quarter. King Luther Capital Management Corp now owns 74,075 shares of the basic materials company’s stock valued at $9,209,000 after acquiring an additional 36,112 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Materion by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after acquiring an additional 116,091 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MTRN. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. KeyCorp lifted their target price on shares of Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Finally, Robert W. Baird initiated coverage on shares of Materion in a research report on Wednesday, April 1st. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $237.00.

Materion Price Performance

Shares of NYSE:MTRN opened at $264.76 on Friday. The business has a fifty day moving average price of $228.86 and a 200-day moving average price of $174.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.04 and a quick ratio of 1.32. The company has a market capitalization of $5.51 billion, a PE ratio of 72.34 and a beta of 1.03. Materion Corporation has a 1-year low of $80.69 and a 1-year high of $298.87.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The company had revenue of $261.79 million for the quarter, compared to analysts’ expectations of $479.03 million. During the same quarter in the previous year, the business posted $1.13 EPS. Materion’s revenue was up 30.8% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities analysts expect that Materion Corporation will post 6.47 EPS for the current fiscal year.

Materion Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were paid a $0.145 dividend. This is a boost from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, May 28th. Materion’s payout ratio is currently 15.85%.

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.