Materion (NYSE:MTRN) Reaches New 12-Month High – Should You Buy?

Materion Corporation (NYSE:MTRN)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $257.14 and last traded at $251.5890, with a volume of 444935 shares. The stock had previously closed at $247.26.

Wall Street Analysts Forecast Growth

MTRN has been the topic of a number of research reports. KeyCorp increased their target price on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Robert W. Baird assumed coverage on shares of Materion in a report on Wednesday, April 1st. They set an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Materion in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $237.00.

Materion Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. The company has a market capitalization of $5.18 billion, a PE ratio of 68.10 and a beta of 1.08. The company’s 50-day simple moving average is $196.14 and its 200-day simple moving average is $159.44.

Materion (NYSE:MTRN) last released 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. Materion had a net margin of 3.99% and a return on equity of 12.45%. The company had revenue of $261.79 million during the quarter, compared to analysts’ expectations of $479.03 million. During the same quarter last year, the business earned $1.13 EPS. The business’s revenue was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, sell-side analysts anticipate that Materion Corporation will post 6.48 earnings per share for the current year.

Materion Increases Dividend

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

Institutional Trading of Materion

Several hedge funds and other institutional investors have recently made changes to their positions in MTRN. AQR Capital Management LLC acquired a new stake in shares of Materion in the first quarter valued at about $201,000. Millennium Management LLC increased its holdings in Materion by 54.1% during the 1st quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock valued at $7,280,000 after acquiring an additional 31,305 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Materion during the 1st quarter valued at about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Materion by 12.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company’s stock valued at $4,410,000 after acquiring an additional 5,894 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Materion by 44.9% during the 1st quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock valued at $2,882,000 after acquiring an additional 10,940 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

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.