Hsbc Holdings PLC Invests $2.94 Million in Materion Corporation $MTRN

Hsbc Holdings PLC purchased a new stake in Materion Corporation (NYSE:MTRN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,971 shares of the basic materials company’s stock, valued at approximately $2,941,000.

A number of other institutional investors have also recently modified their holdings of MTRN. BlackRock Inc. purchased a new position in Materion in the second quarter worth $1,032,985,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Materion during the 2nd quarter worth $132,656,000. State Street Corp boosted its position in shares of Materion by 28.0% during 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. Bank of New York Mellon Corp acquired a new position in shares of Materion during the 2nd quarter worth $49,060,000. Finally, Raymond James Financial Inc. grew its stake in shares of Materion by 187.4% during 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 hedge funds and other institutional investors.

Materion Trading Down 3.3%

Shares of MTRN stock opened at $238.00 on Friday. The stock has a market cap of $4.96 billion, a P/E ratio of 55.48 and a beta of 1.07. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44. Materion Corporation has a fifty-two week low of $107.72 and a fifty-two week high of $304.58. The business has a fifty day simple moving average of $255.09 and a 200-day simple moving average of $206.62.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The firm had revenue of $308.19 million for the quarter, compared to analysts’ expectations of $549.82 million. During the same period in the prior year, the company earned $1.37 EPS. The firm’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, analysts forecast that Materion Corporation will post 7.06 earnings per share for the current fiscal year.

Materion Announces Dividend

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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 20th. Materion’s dividend payout ratio is 13.52%.

Insider Activity at Materion

In other news, CFO Shelly Marie Chadwick sold 1,705 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $293.00, for a total value of $499,565.00. Following the sale, the chief financial officer directly owned 15,246 shares in the company, valued at $4,467,078. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jugal K. Vijayvargiya sold 24,336 shares of Materion stock in a transaction that occurred on Friday, August 7th. The stock was 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. This represents a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 24th. Zacks Research raised shares of Materion from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, KeyCorp lifted their price target on shares of Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $306.00.

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.