Citizens Financial Group Inc. RI Purchases Shares of 2,839 Materion Corporation $MTRN

Citizens Financial Group Inc. RI bought a new position in Materion Corporation (NYSE:MTRN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,839 shares of the basic materials company’s stock, valued at approximately $844,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Materion during the second quarter valued at $1,032,985,000. State Street Corp boosted its holdings in shares of Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after purchasing an additional 283,998 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Materion during the 2nd quarter valued at about $49,060,000. Raymond James Financial Inc. grew its position in shares of Materion by 187.4% during the third quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock valued at $20,199,000 after purchasing an additional 109,017 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Materion by 313.6% during the second quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company’s stock valued at $6,510,000 after purchasing an additional 62,187 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling

In related news, CFO Shelly Marie Chadwick sold 1,705 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $293.00, for a total value of $499,565.00. Following the completion of the sale, the chief financial officer owned 15,246 shares in the company, valued at approximately $4,467,078. The trade was a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jugal K. Vijayvargiya sold 24,336 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $291.62, for a total value of $7,096,864.32. Following the completion of the transaction, the chief executive officer directly owned 116,699 shares in the company, valued at approximately $34,031,762.38. This trade represents a 17.26% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.80% of the company’s stock.

Materion Stock Performance

MTRN stock opened at $263.86 on Wednesday. Materion Corporation has a twelve month low of $107.72 and a twelve month high of $304.58. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 61.51 and a beta of 1.07. The business’s fifty day simple moving average is $258.08 and its two-hundred day simple moving average is $201.88. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44.

Materion (NYSE:MTRN) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. The firm had revenue of $308.19 million during the quarter, compared to analyst estimates of $549.82 million. Materion had a net margin of 4.29% and a return on equity of 13.38%. The business’s revenue was up 42.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Analysts predict that Materion Corporation will post 7.06 earnings per share for the current year.

Materion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, August 20th. Materion’s dividend payout ratio is currently 13.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTRN shares. Wall Street Zen raised Materion from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. KeyCorp raised their price target on Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Weiss Ratings cut shares of Materion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, Zacks Research raised shares of Materion from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $306.00.

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.