Heartland Advisors Inc. Has $6.99 Million Stock Holdings in Materion Corporation $MTRN

Heartland Advisors Inc. trimmed its holdings in shares of Materion Corporation (NYSE:MTRN) by 4.9% during the first quarter, HoldingsChannel reports. The fund owned 48,352 shares of the basic materials company’s stock after selling 2,507 shares during the quarter. Heartland Advisors Inc.’s holdings in Materion were worth $6,994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in shares of Materion during the first quarter valued at $201,000. Millennium Management LLC increased its holdings in Materion by 54.1% in the first quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock valued at $7,280,000 after purchasing an additional 31,305 shares during the period. Jones Financial Companies Lllp acquired a new stake in Materion in the first quarter valued at $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Materion by 12.2% during 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 worth $4,410,000 after purchasing an additional 5,894 shares during the last quarter. Finally, Jane Street Group LLC raised its position 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 worth $2,882,000 after purchasing an additional 10,940 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on MTRN. Robert W. Baird began coverage on Materion in a research report on Wednesday, April 1st. They issued an “outperform” rating on the stock. KeyCorp raised their price objective on Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $237.00.

Materion Price Performance

Shares of NYSE MTRN opened at $245.17 on Friday. Materion Corporation has a twelve month low of $91.60 and a twelve month high of $298.87. The firm has a fifty day simple moving average of $241.78 and a 200 day simple moving average of $183.59. The company has a market capitalization of $5.10 billion, a PE ratio of 66.99 and a beta of 1.03. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. The business had revenue of $261.79 million for the quarter, compared to analyst estimates of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. Materion’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, sell-side analysts forecast that Materion Corporation will post 6.45 EPS for the current year.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were paid a $0.145 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio (DPR) is presently 15.85%.

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.