3,172 Materion Corporation $MTRN Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in Materion Corporation (NYSE:MTRN) by 41.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,479 shares of the basic materials company’s stock after selling 3,172 shares during the period. State of Alaska Department of Revenue’s holdings in Materion were worth $1,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new position in shares of Materion during the 2nd quarter valued at $32,000. Polaris Financial Partners acquired a new stake in Materion in the 3rd quarter valued at $36,000. Allworth Financial LP acquired a new stake in Materion in the 2nd quarter valued at $52,000. EverSource Wealth Advisors LLC raised its position in Materion by 22.3% in the first quarter. EverSource Wealth Advisors LLC now owns 395 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 72 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Materion during the second quarter worth about $76,000. 93.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. KeyCorp upped their target price on Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Zacks Research downgraded Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Jefferies Financial Group started coverage on Materion in a research report on Wednesday, September 2nd. They set a “buy” rating and a $314.00 price target on the stock. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised shares of Materion from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $310.00.

Materion Stock Down 1.7%

Shares of Materion stock opened at $239.33 on Wednesday. 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 1-year low of $109.61 and a 1-year high of $324.98. The business has a 50-day moving average of $258.45 and a 200-day moving average of $236.00. The company has a market capitalization of $4.99 billion, a PE ratio of 55.79 and a beta of 1.05.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.52 by $0.38. Materion had a return on equity of 13.38% and a net margin of 4.29%. The company had revenue of $308.19 million during the quarter, compared to analysts’ expectations of $549.82 million. During the same period in the prior year, the business posted $1.37 EPS. The business’s revenue was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, equities analysts forecast that Materion Corporation will post 7.04 EPS for the current fiscal year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Thursday, August 20th were given a dividend of $0.1450 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. Materion’s payout ratio is currently 13.52%.

Insider Buying and Selling

In related news, Director Vinod M. Khilnani sold 2,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $235.16, for a total value of $470,320.00. Following the completion of the transaction, the director directly owned 11,171 shares of the company’s stock, valued at $2,626,972.36. This represents a 15.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Shelly Chadwick sold 1,705 shares of Materion stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $293.00, for a total transaction of $499,565.00. Following the sale, the chief financial officer owned 15,246 shares in the company, valued at approximately $4,467,078. This represents a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 29,053 shares of company stock valued at $8,301,958 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Materion Company Profile

Materion Corporation is an advanced materials company that develops, manufactures and supplies engineered materials for demanding applications. Its product portfolio includes beryllium and beryllium-aluminum alloys, specialty metals, precious-metal and clad materials, thin-film coating materials, optical filters and other precision components.

The company’s materials and products are used in aerospace and defense, semiconductor manufacturing, communications, medical technology, energy, automotive and other industrial markets.