Old West Investment Management LLC Purchases New Position in Materion Corporation $MTRN

Old West Investment Management LLC acquired a new stake in Materion Corporation (NYSE:MTRN) in the 2nd quarter, Holdings Channel reports. The fund acquired 7,176 shares of the basic materials company’s stock, valued at approximately $2,134,000.

Several other hedge funds also recently made changes to their positions in MTRN. UBS Group AG grew its stake in Materion by 18.8% during the 4th quarter. UBS Group AG now owns 60,378 shares of the basic materials company’s stock worth $7,506,000 after buying an additional 9,576 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Materion by 95.1% in the fourth quarter. King Luther Capital Management Corp now owns 74,075 shares of the basic materials company’s stock valued at $9,209,000 after buying an additional 36,112 shares during the last quarter. California State Teachers Retirement System lifted its stake in Materion by 25.0% in the first quarter. California State Teachers Retirement System now owns 24,612 shares of the basic materials company’s stock valued at $3,560,000 after buying an additional 4,926 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Materion by 136.7% in the fourth quarter. First Eagle Investment Management LLC now owns 58,000 shares of the basic materials company’s stock valued at $7,211,000 after acquiring an additional 33,500 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Materion by 197.3% in the first quarter. First Trust Advisors LP now owns 5,987 shares of the basic materials company’s stock valued at $866,000 after acquiring an additional 3,973 shares during the period. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Shelly Marie Chadwick sold 1,705 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer owned 15,246 shares in the company, valued at approximately $4,467,078. This trade represents a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jugal K. Vijayvargiya sold 24,336 shares of Materion stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $291.62, for a total transaction of $7,096,864.32. Following the completion of the sale, the chief executive officer directly owned 116,699 shares in the company, valued at approximately $34,031,762.38. The trade was a 17.26% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Materion Trading Down 0.0%

Shares of MTRN stock opened at $283.00 on Monday. The company has a market capitalization of $5.89 billion, a P/E ratio of 65.97 and a beta of 1.07. The company has a current ratio of 2.94, a quick ratio of 1.29 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $256.23 and its two-hundred day moving average is $199.89. Materion Corporation has a twelve month low of $107.72 and a twelve month high of $304.58.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, topping 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 analysts’ expectations of $549.82 million. During the same quarter in the prior year, the business earned $1.37 earnings per share. The company’s quarterly revenue was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Equities analysts forecast that Materion Corporation will post 7.06 EPS for the current year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.145 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. Materion’s dividend payout ratio is presently 13.52%.

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.