The Manufacturers Life Insurance Company Buys New Shares in Materion Corporation $MTRN

The Manufacturers Life Insurance Company purchased a new stake in shares of Materion Corporation (NYSE:MTRN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,299 shares of the basic materials company’s stock, valued at approximately $3,063,000.

Several other hedge funds have also recently added to or reduced their stakes in MTRN. BlackRock Inc. purchased a new position in shares of Materion in the 2nd quarter worth about $1,032,985,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Materion during the 2nd quarter valued at about $132,656,000. State Street Corp raised its holdings 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 valued at $103,098,000 after buying an additional 283,998 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Materion in the 2nd quarter worth approximately $49,060,000. Finally, Raymond James Financial Inc. boosted its stake in Materion by 187.4% in the third quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock worth $20,199,000 after buying an additional 109,017 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

Materion Trading Down 1.2%

Shares of MTRN opened at $233.32 on Wednesday. The stock has a market capitalization of $4.86 billion, a P/E ratio of 54.39 and a beta of 1.08. Materion Corporation has a twelve month low of $107.72 and a twelve month high of $304.58. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $253.59 and a two-hundred day simple moving average of $208.16.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. The firm had revenue of $308.19 million for the quarter, compared to analysts’ expectations of $549.82 million. Materion had a net margin of 4.29% and a return on equity of 13.38%. The company’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. On average, research analysts anticipate that Materion Corporation will post 7.06 EPS for the current 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 given a dividend of $0.145 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MTRN. Zacks Research raised shares of Materion from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 24th. KeyCorp lifted their target price on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $306.00.

Insider Buying and Selling at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 1,705 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Vinod M. Khilnani sold 2,000 shares of Materion stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $235.16, for a total value of $470,320.00. Following the completion of the sale, the director owned 11,171 shares in the company, valued at approximately $2,626,972.36. This represents a 15.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,041 shares of company stock valued at $8,066,749 in the last 90 days. Insiders own 2.80% of the company’s stock.

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.