Heartland Advisors Inc. Buys Shares of 40,550 Materion Corporation $MTRN

Heartland Advisors Inc. bought a new position in Materion Corporation (NYSE:MTRN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,550 shares of the basic materials company’s stock, valued at approximately $12,059,000.

Several other large investors also recently made changes to their positions in MTRN. Harbor Investment Advisory LLC bought a new position in Materion in the 2nd quarter worth approximately $32,000. Allworth Financial LP acquired a new stake in Materion in the 2nd quarter valued at approximately $52,000. Measured Wealth Private Client Group LLC bought a new stake in Materion during the 3rd quarter valued at $35,000. Kestra Advisory Services LLC bought a new stake in Materion during the 4th quarter valued at $40,000. Finally, EverSource Wealth Advisors LLC boosted its position in Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Stock Down 0.5%

MTRN opened at $231.55 on Friday. Materion Corporation has a one year low of $107.72 and a one year high of $304.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.29 and a current ratio of 2.94. The stock’s fifty day moving average is $257.89 and its 200-day moving average is $203.47. The company has a market capitalization of $4.82 billion, a PE ratio of 53.97 and a beta of 1.07.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share 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 business had revenue of $308.19 million during the quarter, compared to analyst estimates of $549.82 million. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The company’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. On average, equities analysts predict that Materion Corporation will post 7.06 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Materion’s dividend payout ratio is presently 13.52%.

Analyst Upgrades and Downgrades

MTRN has been the subject of several recent analyst reports. Zacks Research raised Materion from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Materion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 7th. KeyCorp upped their price objective on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $306.00.

Insider Transactions at Materion

In other news, CEO Jugal K. Vijayvargiya sold 24,336 shares of Materion stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $291.62, for a total value of $7,096,864.32. Following the transaction, the chief executive officer owned 116,699 shares of the company’s stock, valued at $34,031,762.38. The trade was a 17.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Shelly Marie Chadwick sold 1,705 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $293.00, for a total transaction of $499,565.00. Following the completion of the sale, the chief financial officer owned 15,246 shares in the company, valued at $4,467,078. The trade was a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is currently owned by corporate insiders.

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.