First Eagle Investment Management LLC Buys 33,500 Shares of Materion Corporation $MTRN

First Eagle Investment Management LLC grew its stake in Materion Corporation (NYSE:MTRN) by 136.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 58,000 shares of the basic materials company’s stock after purchasing an additional 33,500 shares during the quarter. First Eagle Investment Management LLC’s holdings in Materion were worth $7,211,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MTRN. Harvey Partners LLC purchased a new stake in shares of Materion in the 3rd quarter worth approximately $38,418,000. State Street Corp lifted its position in shares of 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 during the period. American Century Companies Inc. lifted its position in shares of 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 during the period. JPMorgan Chase & Co. lifted its position in shares of 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 during the period. Finally, Raymond James Financial Inc. lifted its position in shares of 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 during the period. 93.56% of the stock is currently owned by institutional investors.

Materion Trading Up 0.4%

NYSE:MTRN opened at $203.80 on Wednesday. Materion Corporation has a 52 week low of $73.61 and a 52 week high of $206.54. The firm has a 50 day moving average of $161.48 and a 200 day moving average of $143.03. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 55.68 and a beta of 1.03.

Materion (NYSE:MTRN) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The company had revenue of $261.79 million during the quarter, compared to analysts’ expectations of $479.03 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. Materion’s revenue for the quarter was up 30.8% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, sell-side 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. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, May 28th. This is a positive change from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio (DPR) is currently 15.30%.

Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 8,976 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $146.13, for a total transaction of $1,311,662.88. Following the transaction, the chief financial officer owned 16,139 shares in the company, valued at approximately $2,358,392.07. This represents a 35.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Melissa A. Fashinpaur sold 309 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $160.00, for a total transaction of $49,440.00. Following the transaction, the chief accounting officer owned 310 shares in the company, valued at $49,600. The trade was a 49.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,549 shares of company stock worth $7,548,444 in the last three months. 2.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTRN. KeyCorp upped their price target on shares of Materion from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird began coverage on shares of Materion in a research report on Wednesday, April 1st. They issued an “outperform” rating for the company. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.00.

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.