Legal & General Group Plc Lowers Holdings in Materion Corporation $MTRN

Legal & General Group Plc cut its position in Materion Corporation (NYSE:MTRN) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,417 shares of the basic materials company’s stock after selling 2,890 shares during the quarter. Legal & General Group Plc owned about 0.25% of Materion worth $6,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MTRN. Harvey Partners LLC purchased a new stake in Materion in the 3rd quarter worth approximately $38,418,000. State Street Corp lifted its stake in Materion by 28.0% in the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock worth $103,098,000 after purchasing an additional 283,998 shares in the last quarter. American Century Companies Inc. lifted its stake in Materion by 53.2% in the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock worth $44,121,000 after purchasing an additional 126,794 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Materion by 155.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after purchasing an additional 116,091 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Materion by 187.4% in the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock worth $20,199,000 after purchasing an additional 109,017 shares in the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Materion Price Performance

Shares of NYSE:MTRN opened at $220.44 on Friday. The company’s fifty day moving average price is $186.85 and its 200-day moving average price is $154.92. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 60.23 and a beta of 1.08. Materion Corporation has a one year low of $76.09 and a one year high of $233.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.04 and a quick ratio of 1.32.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The firm 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%. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, equities research analysts anticipate that Materion Corporation will post 6.48 earnings per share for the current fiscal year.

Materion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 28th will be issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 28th. This is a positive change from Materion’s previous quarterly dividend of $0.14. Materion’s payout ratio is currently 15.85%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MTRN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Robert W. Baird started coverage on shares of Materion in a research note on Wednesday, April 1st. They issued an “outperform” rating on the stock. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, KeyCorp increased their target price on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Two 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 Company 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.