Materion (NYSE:MTRN) Stock Price Expected to Rise, KeyCorp Analyst Says

Materion (NYSE:MTRN) had its price target hoisted by research analysts at KeyCorp from $223.00 to $237.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price objective would indicate a potential upside of 2.10% from the stock’s current price.

Several other brokerages have also recently commented on MTRN. Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Robert W. Baird started coverage on Materion in a research report on Wednesday, April 1st. They issued an “outperform” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.00.

Materion Stock Performance

MTRN stock traded up $12.09 during midday trading on Tuesday, hitting $232.13. The stock had a trading volume of 303,651 shares, compared to its average volume of 275,368. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 61.93 and a beta of 1.08. Materion has a 52 week low of $73.61 and a 52 week high of $227.24. The stock has a 50-day simple moving average of $179.91 and a 200 day simple moving average of $152.11. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50.

Materion (NYSE:MTRN) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. The firm had revenue of $261.79 million during the quarter, compared to analysts’ expectations of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.Materion’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period last year, the business earned $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities research analysts anticipate that Materion will post 6.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MTRN. Harvey Partners LLC bought a new position in shares of Materion during the third quarter valued at $38,418,000. State Street Corp lifted its holdings in shares of Materion by 28.0% during 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 acquiring an additional 283,998 shares during the period. American Century Companies Inc. lifted its holdings in shares of Materion by 53.2% during 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 acquiring an additional 126,794 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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. Finally, Raymond James Financial Inc. increased its stake in shares of Materion by 187.4% in the third quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock valued at $20,199,000 after buying an additional 109,017 shares in the last quarter. 93.56% of the stock is owned by institutional investors.

Materion Company 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.