Granahan Investment Management LLC Has $17.18 Million Stake in Materion Corporation $MTRN

Granahan Investment Management LLC boosted its stake in Materion Corporation (NYSE:MTRN) by 46.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,226 shares of the basic materials company’s stock after buying an additional 43,950 shares during the quarter. Granahan Investment Management LLC’s holdings in Materion were worth $17,184,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MTRN. AQR Capital Management LLC acquired a new stake in Materion in the 1st quarter valued at $201,000. Millennium Management LLC boosted its stake in Materion by 54.1% in the first quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock worth $7,280,000 after purchasing an additional 31,305 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Materion in the first quarter worth $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Materion by 12.2% in the first 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 in the last quarter. Finally, Jane Street Group LLC boosted its stake in Materion by 44.9% in the first 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 in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MTRN. KeyCorp boosted their price objective on Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Robert W. Baird began coverage on Materion in a research note on Wednesday, April 1st. They issued an “outperform” rating on the stock. Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, Weiss Ratings reissued 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Materion currently has an average rating of “Moderate Buy” and a consensus target price of $237.00.

Materion Price Performance

Materion stock opened at $256.13 on Wednesday. The firm has a market cap of $5.33 billion, a P/E ratio of 69.98 and a beta of 1.08. Materion Corporation has a 52 week low of $76.09 and a 52 week high of $259.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. The business’s fifty day moving average is $200.35 and its two-hundred day moving average is $161.32.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The company had revenue of $261.79 million during the quarter, compared to the consensus estimate of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities research analysts forecast that Materion Corporation will post 6.48 earnings per share 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 given a dividend of $0.145 per share. The ex-dividend date was Thursday, May 28th. This is an increase from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. Materion’s dividend payout ratio is presently 15.85%.

About Materion

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.