Materion Corporation $MTRN Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in Materion Corporation (NYSE:MTRN) by 21.5% in the first quarter, HoldingsChannel reports. The fund owned 120,164 shares of the basic materials company’s stock after purchasing an additional 21,295 shares during the quarter. Principal Financial Group Inc.’s holdings in Materion were worth $17,382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MTRN. Fifth Third Bancorp increased its stake in shares of Materion by 4,693.8% during the first quarter. Fifth Third Bancorp now owns 6,951 shares of the basic materials company’s stock valued at $1,006,000 after acquiring an additional 6,806 shares during the period. Hsbc Holdings PLC lifted its position in Materion by 61.9% in the first quarter. Hsbc Holdings PLC now owns 7,313 shares of the basic materials company’s stock worth $1,049,000 after purchasing an additional 2,797 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Materion by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 4,760 shares of the basic materials company’s stock worth $689,000 after purchasing an additional 63 shares during the period. Wetzel Investment Advisors Inc. bought a new position in Materion during the 1st quarter valued at $217,000. Finally, Pictet Asset Management Holding SA boosted its stake in Materion by 15.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,997 shares of the basic materials company’s stock valued at $434,000 after purchasing an additional 390 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors.

Materion Trading Down 1.6%

Shares of NYSE MTRN opened at $250.82 on Thursday. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. Materion Corporation has a 12 month low of $91.62 and a 12 month high of $298.87. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 68.53 and a beta of 1.03. The business has a fifty day simple moving average of $244.40 and a 200-day simple moving average of $186.62.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.03. Materion had a return on equity of 12.45% and a net margin of 3.99%.The firm had revenue of $261.79 million for the quarter, compared to the consensus estimate of $479.03 million. During the same quarter in the previous year, the company earned $1.13 EPS. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Sell-side analysts predict that Materion Corporation will post 6.45 EPS for the current year.

Materion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were issued a dividend of $0.145 per share. This is an increase from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, May 28th. Materion’s dividend payout ratio (DPR) is presently 15.85%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. KeyCorp raised their target price on Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Robert W. Baird initiated coverage on Materion in a report on Wednesday, April 1st. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $237.00.

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.