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

Materion Corporation (NYSE:MTRN)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $287.18 and last traded at $277.0040, with a volume of 1602464 shares traded. The stock had previously closed at $287.02.

Wall Street Analysts Forecast Growth

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

Materion Trading Down 0.8%

The business’s 50 day moving average price is $218.61 and its two-hundred day moving average price is $169.85. 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 $5.92 billion, a price-to-earnings ratio of 77.89 and a beta of 1.08.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. The company had revenue of $261.79 million for 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%.The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period last year, the firm earned $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities analysts forecast that Materion Corporation will post 6.47 earnings per share for the current fiscal year.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were given a dividend of $0.145 per share. This is a positive change 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 payout ratio is 15.85%.

Institutional Trading of Materion

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Materion by 28.0% during the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock worth $103,098,000 after buying an additional 283,998 shares in the last quarter. Trigran Investments Inc. boosted its stake in shares of Materion by 0.5% during the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock worth $63,397,000 after acquiring an additional 3,982 shares in the last quarter. Morgan Stanley boosted its stake in shares of Materion by 12.2% during the 4th quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock worth $53,393,000 after acquiring an additional 46,613 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Materion by 53.2% in the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock worth $44,121,000 after acquiring an additional 126,794 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of Materion by 3.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 360,495 shares of the basic materials company’s stock worth $44,817,000 after acquiring an additional 10,995 shares during the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

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.