This Hedge Fund's Materion Stake Tops $38 Million as Earnings Strength Pushes Shares Near Record Highs

On November 14, New York-based Harvey Partners disclosed a caller involvement successful Materion Corporation (NYSE:MTRN), acquiring 318,000 shares valued astatine astir $38.4 million.

According to a Securities and Exchange Commission (SEC) filing dated November 14, Harvey Partners initiated a caller presumption successful Materion Corporation (NYSE:MTRN), purchasing 318,000 shares during the 3rd quarter. The caller holding was valued astatine astir $38.4 cardinal arsenic of September 30 and accounted for astir 3.4% of the fund’s astir $1.1 cardinal successful reportable U.S. equity assets. The money present holds 46 equity positions.

The presumption represents 3.4% of Harvey Partners' reportable assets nether management, placing it extracurricular the fund’s apical 5 holdings.

Top holdings aft the filing:

• NYSE: NPO: $56.3 cardinal (5.1% of AUM)

• NYSE: BWXT: $53.4 cardinal (4.9% of AUM)

• NYSE: AZZ: $53 cardinal (4.8% of AUM)

• NASDAQ: GLDD: $44.4 cardinal (4% of AUM)

• NASDAQ: ADEA: $43.9 cardinal (4% of AUM)

As of Friday, shares of Materion were priced astatine $125.25, up 12.5% implicit the past twelvemonth and comparatively successful enactment with the S&P 500's astir 13% summation successful the aforesaid period.

• Materion produces precocious engineered materials, including beryllium alloys, specialty metals, precision optics, and bladed movie coatings for the semiconductor, aerospace, defense, automotive, energy, and electronics sectors.

• The institution operates a vertically integrated exemplary encompassing mining, refining, manufacturing, and nonstop income of high-value materials and components, generating gross done some merchandise income and value-added engineered solutions.

• It serves a planetary lawsuit basal of OEMs and tier-one suppliers successful technology, industrial, aerospace, defense, and telecom markets crossed the United States, Asia, and Europe.

Materion Corporation is simply a starring supplier of precocious engineered materials with a planetary beingness and a diversified lawsuit basal spanning high-growth industries. The institution leverages its proprietary technologies and vertically integrated operations to present specialized products that are captious to demanding applications successful semiconductors, aerospace, and defense.