JPMorgan Chase & Co. Boosts Stake in Materion Corporation $MTRN

JPMorgan Chase & Co. increased its holdings in shares of Materion Corporation (NYSE:MTRN) by 155.8% during the third quarter, HoldingsChannel reports. The fund owned 190,626 shares of the basic materials company’s stock after buying an additional 116,091 shares during the period. JPMorgan Chase & Co.’s holdings in Materion were worth $23,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in shares of Materion during the 1st quarter worth $201,000. Millennium Management LLC increased its holdings in shares of Materion by 54.1% in the 1st quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock valued at $7,280,000 after purchasing an additional 31,305 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Materion in the first quarter valued at about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Materion by 12.2% during the first 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 in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Materion by 44.9% during the first 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 in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Price Performance

Materion stock opened at $141.75 on Wednesday. The firm has a market capitalization of $2.94 billion, a PE ratio of 39.49 and a beta of 0.84. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $172.03. The firm’s 50-day simple moving average is $147.73 and its 200 day simple moving average is $131.79. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.48.

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

Materion Announces Dividend

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

Analyst Upgrades and Downgrades

MTRN has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. Finally, KeyCorp raised their price objective on Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Materion currently has an average rating of “Hold” and a consensus target price of $170.00.

Insider Activity

In other Materion news, CEO Jugal K. Vijayvargiya sold 12,963 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $148.56, for a total transaction of $1,925,783.28. Following the sale, the chief executive officer owned 130,253 shares in the company, valued at approximately $19,350,385.68. This represents a 9.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shelly Marie Chadwick sold 8,976 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $146.13, for a total value of $1,311,662.88. Following the transaction, the chief financial officer directly owned 16,139 shares of the company’s stock, valued at $2,358,392.07. The trade was a 35.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 49,549 shares of company stock worth $7,548,444. 2.60% of the stock is 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.