Gamco Investors INC. ET AL Has $23.58 Million Position in Materion Corporation $MTRN

Gamco Investors INC. ET AL boosted its position in Materion Corporation (NYSE:MTRN) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 195,150 shares of the basic materials company’s stock after buying an additional 8,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Materion were worth $23,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oliver Luxxe Assets LLC acquired a new position in shares of Materion in the third quarter valued at about $1,673,000. Jackson Creek Investment Advisors LLC acquired a new stake in Materion in the 3rd quarter worth about $1,946,000. AXQ Capital LP bought a new stake in Materion in the 2nd quarter valued at about $469,000. Advisors Asset Management Inc. boosted its holdings in Materion by 230.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,918 shares of the basic materials company’s stock valued at $1,319,000 after purchasing an additional 7,615 shares during the period. Finally, First Eagle Investment Management LLC acquired a new position in shares of Materion during the 3rd quarter worth approximately $2,960,000. 93.56% of the stock is owned by institutional investors and hedge funds.

Materion Stock Down 4.1%

MTRN stock opened at $144.20 on Friday. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $172.03. The business has a 50-day simple moving average of $145.59 and a 200 day simple moving average of $129.01. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.99 billion, a PE ratio of 40.17 and a beta of 0.84.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Materion had a net margin of 4.19% and a return on equity of 12.36%. The firm had revenue of $489.75 million for the quarter, compared to the consensus estimate of $448.78 million. During the same period in the prior year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Sell-side analysts anticipate that Materion Corporation will post 5.5 EPS for the current fiscal year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Thursday, February 19th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, February 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. Materion’s dividend payout ratio (DPR) is currently 15.60%.

Insider Buying and Selling at Materion

In related news, VP Gregory R. Chemnitz sold 4,517 shares of Materion stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $157.32, for a total value of $710,614.44. Following the transaction, the vice president directly owned 5,930 shares of the company’s stock, valued at $932,907.60. This trade represents a 43.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jugal K. Vijayvargiya sold 12,245 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $156.86, for a total transaction of $1,920,750.70. Following the transaction, the chief executive officer owned 118,008 shares of the company’s stock, valued at approximately $18,510,734.88. This represents a 9.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,549 shares of company stock worth $7,548,444 in the last three months. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MTRN shares. KeyCorp raised their target price on shares of Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Wall Street Zen upgraded Materion from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Materion has a consensus rating of “Hold” and an average price target of $170.00.

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.