Penn Capital Management Company LLC Buys Shares of 5,531 Materion Corporation $MTRN

Penn Capital Management Company LLC purchased a new position in shares of Materion Corporation (NYSE:MTRN) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 5,531 shares of the basic materials company’s stock, valued at approximately $668,000.

A number of other large investors 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. Trigran Investments Inc. boosted its holdings in Materion by 0.5% during the second quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock worth $63,397,000 after buying an additional 3,982 shares in the last quarter. Geode Capital Management LLC grew its position in Materion by 2.2% during the second quarter. Geode Capital Management LLC now owns 487,186 shares of the basic materials company’s stock worth $38,673,000 after buying an additional 10,468 shares during the period. American Century Companies Inc. increased its holdings in Materion by 53.2% in the third quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock valued at $44,121,000 after buying an additional 126,794 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in Materion by 28.9% in the third quarter. Segall Bryant & Hamill LLC now owns 349,500 shares of the basic materials company’s stock valued at $42,223,000 after buying an additional 78,349 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling

In other Materion news, VP Gregory R. Chemnitz sold 4,517 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total transaction of $710,614.44. Following the transaction, the vice president owned 5,930 shares in the company, valued at $932,907.60. The trade was a 43.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shelly Marie Chadwick sold 8,976 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $2,358,392.07. This trade represents a 35.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,549 shares of company stock valued at $7,548,444 over the last ninety days. Insiders own 2.60% of the company’s stock.

Materion Stock Performance

Shares of MTRN opened at $141.29 on Thursday. Materion Corporation has a 1 year low of $69.10 and a 1 year high of $172.03. The company’s 50 day simple moving average is $147.85 and its 200 day simple moving average is $130.90. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 39.36 and a beta of 0.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.11.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Materion had a return on equity of 12.36% and a net margin of 4.19%.The business had revenue of $489.75 million during the quarter, compared to the consensus estimate of $448.78 million. During the same quarter in the previous year, the business earned $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. On average, sell-side analysts predict that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Thursday, February 19th were paid a $0.14 dividend. 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 currently 15.60%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MTRN. KeyCorp lifted their price target on shares of Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a report on Sunday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $170.00.

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.