Kennedy Capital Management LLC Acquires 11,394 Shares of Materion Corporation $MTRN

Kennedy Capital Management LLC increased its holdings in shares of Materion Corporation (NYSE:MTRN) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,750 shares of the basic materials company’s stock after purchasing an additional 11,394 shares during the quarter. Kennedy Capital Management LLC owned 0.79% of Materion worth $20,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Eagle Investment Management LLC purchased a new stake in Materion during the third quarter valued at $2,960,000. Harvey Partners LLC purchased a new stake in Materion during the third quarter valued at $38,418,000. Royce & Associates LP purchased a new stake in Materion during the third quarter valued at $11,779,000. JPMorgan Chase & Co. increased its position in Materion by 155.8% during the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after acquiring an additional 116,091 shares during the last quarter. Finally, UBS Group AG increased its position in Materion by 18.8% during the fourth quarter. UBS Group AG now owns 60,378 shares of the basic materials company’s stock valued at $7,506,000 after acquiring an additional 9,576 shares during the last quarter. 93.56% of the stock is owned by institutional investors.

Materion Stock Performance

NYSE:MTRN opened at $247.41 on Friday. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. Materion Corporation has a 12-month low of $76.09 and a 12-month high of $257.14. The stock has a 50-day moving average price of $196.14 and a 200 day moving average price of $159.14. The stock has a market capitalization of $5.15 billion, a P/E ratio of 67.60 and a beta of 1.08.

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, topping the consensus estimate of $1.24 by $0.03. Materion had a return on equity of 12.45% and a net margin of 3.99%.The firm had revenue of $261.79 million during the quarter, compared to analysts’ expectations of $479.03 million. During the same quarter last year, the business posted $1.13 earnings per share. The firm’s revenue was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities research analysts forecast that Materion Corporation will post 6.48 EPS for the current fiscal year.

Materion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 28th were given a dividend of $0.145 per share. This is an increase from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, May 28th. Materion’s dividend payout ratio (DPR) is 15.85%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MTRN. Robert W. Baird began coverage on Materion in a research report on Wednesday, April 1st. They set an “outperform” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Materion in a research report on Wednesday, May 13th. Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, KeyCorp upped their price objective on Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $237.00.

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.