Louisiana State Employees Retirement System Buys Shares of 9,200 Materion Corporation $MTRN

Louisiana State Employees Retirement System bought a new position in Materion Corporation (NYSE:MTRN) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,200 shares of the basic materials company’s stock, valued at approximately $1,331,000.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC bought a new position in shares of Materion during the first quarter valued at $201,000. Millennium Management LLC increased its holdings in Materion by 54.1% in the 1st quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock worth $7,280,000 after buying an additional 31,305 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Materion in the 1st quarter worth about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Materion by 12.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company’s stock worth $4,410,000 after buying an additional 5,894 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Materion by 44.9% in the 1st quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock worth $2,882,000 after buying an additional 10,940 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Analyst Upgrades and Downgrades

MTRN has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Robert W. Baird initiated coverage on shares of Materion in a research note on Wednesday, April 1st. They issued an “outperform” rating on the stock. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Finally, KeyCorp raised their price objective on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.00.

Materion Trading Down 0.3%

NYSE:MTRN opened at $264.76 on Friday. Materion Corporation has a one year low of $80.69 and a one year high of $298.87. The business has a fifty day moving average price of $228.86 and a 200-day moving average price of $174.88. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 72.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.04 and a quick ratio of 1.32.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.03. The company had revenue of $261.79 million for the quarter, compared to the consensus estimate of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.Materion’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Sell-side analysts forecast that Materion Corporation will post 6.47 EPS for the current year.

Materion Increases Dividend

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

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.