Granahan Investment Management LLC Acquires 43,950 Shares of Materion Corporation $MTRN

Granahan Investment Management LLC boosted its holdings in Materion Corporation (NYSE:MTRN) by 46.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,226 shares of the basic materials company’s stock after buying an additional 43,950 shares during the period. Granahan Investment Management LLC owned approximately 0.67% of Materion worth $17,184,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its position 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 buying an additional 283,998 shares during the period. Trigran Investments Inc. increased its position in Materion by 0.5% in the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock worth $63,397,000 after buying an additional 3,982 shares during the period. Morgan Stanley increased its position in Materion by 12.2% in the 4th quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock worth $53,393,000 after buying an additional 46,613 shares during the period. American Century Companies Inc. increased its position 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 buying an additional 126,794 shares during the period. Finally, Segall Bryant & Hamill LLC increased its position in Materion by 3.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 360,495 shares of the basic materials company’s stock worth $44,817,000 after buying an additional 10,995 shares during the period. 93.56% of the stock is owned by institutional investors.

Materion Price Performance

Shares of NYSE:MTRN opened at $256.13 on Wednesday. Materion Corporation has a 1-year low of $76.09 and a 1-year high of $259.30. The firm has a market capitalization of $5.33 billion, a PE ratio of 69.98 and a beta of 1.08. The business’s 50 day moving average is $200.35 and its 200-day moving average is $161.32. 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 (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.03. The company had revenue of $261.79 million for the quarter, compared to analyst estimates of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.Materion’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Sell-side analysts predict that Materion Corporation will post 6.48 earnings per share for the current year.

Materion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 28th were paid a $0.145 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.58 annualized dividend and a yield of 0.2%. This is a positive change from Materion’s previous quarterly dividend of $0.14. Materion’s payout ratio is presently 15.85%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. KeyCorp lifted their price target on Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Robert W. Baird assumed coverage on Materion in a report on Wednesday, April 1st. They set an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Finally, Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Materion currently has a consensus rating of “Moderate Buy” and an average price target of $237.00.

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.