Wall Street Zen Upgrades Materion (NYSE:MTRN) to “Buy”

Materion (NYSE:MTRN) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also recently weighed in on MTRN. KeyCorp raised their price target on Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research report on Friday. Weiss Ratings upgraded shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $306.00.

Materion Stock Performance

MTRN opened at $289.40 on Friday. Materion has a 1-year low of $104.63 and a 1-year high of $304.58. The stock has a market cap of $6.03 billion, a P/E ratio of 67.46 and a beta of 1.07. The stock’s 50 day simple moving average is $250.58 and its 200 day simple moving average is $194.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.29.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.38. The firm had revenue of $308.19 million during the quarter, compared to analysts’ expectations of $549.82 million. Materion had a return on equity of 13.38% and a net margin of 4.29%.Materion’s revenue was up 42.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, equities analysts anticipate that Materion will post 7.06 EPS for the current fiscal year.

Institutional Trading of Materion

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. grew its position in Materion by 2.2% in the second quarter. Contravisory Investment Management Inc. now owns 1,867 shares of the basic materials company’s stock valued at $555,000 after acquiring an additional 40 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Materion by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 4,760 shares of the basic materials company’s stock worth $689,000 after purchasing an additional 63 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Materion by 22.3% during the first quarter. EverSource Wealth Advisors LLC now owns 395 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 72 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Materion by 4.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,266 shares of the basic materials company’s stock valued at $282,000 after purchasing an additional 91 shares during the period. Finally, Wealthspire Advisors LLC boosted its stake in shares of Materion by 2.9% in the fourth quarter. Wealthspire Advisors LLC now owns 3,219 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 92 shares during the period. 93.56% of the stock is owned by hedge funds and other 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.