Posted by admin on Aug 13th, 2022

Envestnet Asset Management Inc. boosted its holdings in shares of Materion Co. (NYSE:MTRN – Get Rating) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,821 shares of the basic materials company’s stock after buying an additional 2,774 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.28% of Materion worth $4,872,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Materion by 15.6% during the 4th quarter. Barclays PLC now owns 26,671 shares of the basic materials company’s stock valued at $2,452,000 after buying an additional 3,599 shares in the last quarter. Gilman Hill Asset Management LLC raised its stake in Materion by 1.3% during the 1st quarter. Gilman Hill Asset Management LLC now owns 24,244 shares of the basic materials company’s stock valued at $2,079,000 after purchasing an additional 310 shares during the period. Mutual of America Capital Management LLC lifted its holdings in Materion by 18.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 218,916 shares of the basic materials company’s stock worth $18,770,000 after purchasing an additional 33,578 shares in the last quarter. Comerica Bank boosted its stake in Materion by 0.7% in the 1st quarter. Comerica Bank now owns 20,429 shares of the basic materials company’s stock worth $1,807,000 after purchasing an additional 147 shares during the period. Finally, Granite Investment Partners LLC grew its holdings in Materion by 4.1% during the 4th quarter. Granite Investment Partners LLC now owns 298,643 shares of the basic materials company’s stock valued at $27,457,000 after buying an additional 11,845 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on MTRN shares. KeyCorp dropped their target price on shares of Materion from $106.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. CL King began coverage on shares of Materion in a report on Wednesday, July 6th. They set a “buy” rating and a $95.00 price objective for the company.

MTRN stock opened at $97.82 on Friday. The firm has a market cap of $2.01 billion, a PE ratio of 26.95 and a beta of 1.30. The firm has a fifty day moving average price of $77.72 and a 200 day moving average price of $81.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.35 and a current ratio of 3.36. Materion Co. has a fifty-two week low of $68.01 and a fifty-two week high of $97.89.

Materion (NYSE:MTRN – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The basic materials company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. Materion had a net margin of 4.47% and a return on equity of 13.45%. The business had revenue of $445.30 million during the quarter, compared to analysts’ expectations of $455.48 million. During the same period last year, the company posted $0.86 EPS. The business’s revenue was up 20.0% on a year-over-year basis. Sell-side analysts anticipate that Materion Co. will post 5.53 earnings per share for the current fiscal year.

Materion Corporation, through with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. It operates through Performance Alloys and Composites, Advanced Materials, and Precision Optics segments.

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