K.J. Harrison & Partners Inc Makes New Investment in Materion Corporation $MTRN

K.J. Harrison & Partners Inc bought a new position in shares of Materion Corporation (NYSE:MTRN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 6,005 shares of the basic materials company’s stock, valued at approximately $741,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp lifted its stake in shares of Materion by 28.0% in the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after purchasing an additional 283,998 shares during the period. American Century Companies Inc. increased its holdings in Materion by 222.3% in the second quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company’s stock valued at $18,923,000 after buying an additional 164,433 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Materion by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after buying an additional 116,091 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Materion by 313.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company’s stock valued at $6,510,000 after acquiring an additional 62,187 shares during the period. Finally, Gendell Jeffrey L purchased a new stake in shares of Materion during the 2nd quarter worth approximately $4,865,000. 93.56% of the stock is owned by institutional investors and hedge funds.

Materion Trading Down 0.2%

Materion stock opened at $161.18 on Friday. The stock has a 50-day moving average price of $142.04 and a 200 day moving average price of $127.08. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $172.03. The stock has a market cap of $3.34 billion, a PE ratio of 44.90 and a beta of 0.87. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48.

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

Materion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Thursday, February 19th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, February 19th. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. Materion’s dividend payout ratio (DPR) is 15.60%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MTRN. 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. Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. One equities research 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, the company presently has an average rating of “Hold” and a consensus target price of $170.00.

Insider Activity

In other news, CEO Jugal K. Vijayvargiya sold 12,245 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $156.86, for a total transaction of $1,920,750.70. Following the sale, the chief executive officer owned 118,008 shares in the company, valued at $18,510,734.88. This trade represents a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vinod M. Khilnani sold 4,000 shares of Materion stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $148.86, for a total value of $595,440.00. Following the completion of the sale, the director directly owned 13,665 shares of the company’s stock, valued at approximately $2,034,171.90. This represents a 22.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,184 shares of company stock valued at $6,381,997 over the last quarter. Insiders own 2.60% of the company’s stock.

Materion 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.