Materion (NYSE:MTRN) Shares Gap Up After Dividend Announcement

Materion Corporation (NYSE:MTRN) shares gapped up prior to trading on Monday after the company announced a dividend. The stock had previously closed at $221.06, but opened at $227.83. Materion shares last traded at $224.0350, with a volume of 7,093 shares.

The newly announced dividend which will be paid on Friday, December 4th. Investors of record on Thursday, November 19th will be paid a dividend of $0.1450 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.58 annualized dividend and a yield of 0.2%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group began coverage on Materion in a report on Wednesday, September 2nd. They set a “buy” rating and a $314.00 target price on the stock. Zacks Research cut shares of Materion from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Materion from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 14th. Finally, KeyCorp raised their target price on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Materion presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.00.

Materion Stock Performance

The business’s 50 day simple moving average is $253.87 and its 200 day simple moving average is $210.05.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share 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. During the same period last year, the business earned $1.37 earnings per share. The business’s revenue was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, equities research analysts predict that Materion Corporation will post 7.04 EPS for the current fiscal year.

Insider Activity

In other news, Director Emily M. Liggett sold 1,012 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $232.42, for a total value of $235,209.04. Following the completion of the sale, the director owned 3,161 shares in the company, valued at $734,679.62. This represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jugal K. Vijayvargiya sold 24,336 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $291.62, for a total value of $7,096,864.32. Following the completion of the sale, the chief executive officer owned 116,699 shares of the company’s stock, valued at $34,031,762.38. The trade was a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 29,053 shares of company stock valued at $8,301,958. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MTRN. EULAV Asset Management purchased a new stake in Materion in the 3rd quarter worth about $2,399,000. Citizens Financial Group Inc. RI boosted its position in Materion by 7.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,050 shares of the basic materials company’s stock worth $822,000 after acquiring an additional 211 shares during the period. Gibbs Wealth Management purchased a new position in Materion during the 3rd quarter valued at about $441,000. Sterling Capital Management LLC grew its stake in Materion by 836.5% during the 3rd quarter. Sterling Capital Management LLC now owns 693 shares of the basic materials company’s stock valued at $187,000 after acquiring an additional 619 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in Materion by 2.0% during the 3rd quarter. Inspire Investing LLC now owns 2,342 shares of the basic materials company’s stock valued at $631,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Company Profile

Materion Corporation is an advanced materials company that develops, manufactures and supplies engineered materials for demanding applications. Its product portfolio includes beryllium and beryllium-aluminum alloys, specialty metals, precious-metal and clad materials, thin-film coating materials, optical filters and other precision components.

The company’s materials and products are used in aerospace and defense, semiconductor manufacturing, communications, medical technology, energy, automotive and other industrial markets.