Materion (NYSE:MTRN) Stock Price Down 10.7% – Should You Sell?

Materion Corporation (NYSE:MTRN)’s share price was down 10.7% on Tuesday . The company traded as low as $214.30 and last traded at $215.9750. 158,629 shares changed hands during trading, a decline of 41% from the average daily volume of 270,914 shares. The stock had previously closed at $241.82.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird assumed coverage on shares of Materion in a research note on Wednesday, April 1st. They issued an “outperform” rating on the stock. Weiss Ratings upgraded Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, KeyCorp raised their target price on Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $237.00.

Materion Stock Performance

The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 58.55 and a beta of 1.03. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average is $246.67 and its 200-day moving average is $189.00.

Materion (NYSE:MTRN) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $261.79 million for the quarter, compared to analyst estimates of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the business posted $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, analysts predict that Materion Corporation will post 6.45 EPS for the current fiscal year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.58 annualized dividend and a dividend yield of 0.3%. Materion’s dividend payout ratio (DPR) is 15.85%.

Hedge Funds Weigh In On Materion

A number of institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG boosted its stake in shares of Materion by 18.8% during the fourth quarter. UBS Group AG now owns 60,378 shares of the basic materials company’s stock valued at $7,506,000 after purchasing an additional 9,576 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Materion by 136.7% in the fourth quarter. First Eagle Investment Management LLC now owns 58,000 shares of the basic materials company’s stock valued at $7,211,000 after buying an additional 33,500 shares during the period. King Luther Capital Management Corp raised its holdings in Materion by 95.1% in the 4th quarter. King Luther Capital Management Corp now owns 74,075 shares of the basic materials company’s stock valued at $9,209,000 after buying an additional 36,112 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Materion by 21.5% in the 1st quarter. Principal Financial Group Inc. now owns 120,164 shares of the basic materials company’s stock valued at $17,382,000 after buying an additional 21,295 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Materion by 11.2% during the 4th quarter. Royce & Associates LP now owns 108,440 shares of the basic materials company’s stock worth $13,481,000 after buying an additional 10,940 shares during the period. 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.