Heartland Advisors Inc. Acquires Shares of 40,550 Materion Corporation $MTRN

Heartland Advisors Inc. acquired a new position in shares of Materion Corporation (NYSE:MTRN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 40,550 shares of the basic materials company’s stock, valued at approximately $12,059,000. Heartland Advisors Inc. owned about 0.19% of Materion as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock valued at $28,000 after buying an additional 225 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Materion during the second quarter worth approximately $32,000. Jones Financial Companies Lllp bought a new stake in shares of Materion in the first quarter worth $34,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Materion in the third quarter worth $35,000. Finally, Kestra Advisory Services LLC acquired a new stake in Materion in the fourth quarter valued at $40,000. 93.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. KeyCorp boosted their target price on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of Materion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Materion from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One investment 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.com, the stock presently has a consensus rating of “Buy” and an average target price of $306.00.

Materion Stock Performance

Materion stock opened at $231.55 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.29. Materion Corporation has a 12 month low of $107.72 and a 12 month high of $304.58. The company has a fifty day moving average price of $257.89 and a two-hundred day moving average price of $203.47. The company has a market cap of $4.82 billion, a PE ratio of 53.97 and a beta of 1.07.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The company had revenue of $308.19 million for the quarter, compared to the consensus estimate of $549.82 million. During the same period last year, the firm posted $1.37 EPS. The company’s revenue for the quarter was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Research analysts expect 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. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.58 annualized dividend and a dividend yield of 0.3%. Materion’s dividend payout ratio is 13.52%.

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.