Materion Corporation (NYSE:MTRN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Materion Corporation (NYSE:MTRN) have earned an average recommendation of “Moderate Buy” from the four brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $223.00.

Several research firms recently weighed in on MTRN. Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. KeyCorp raised their price objective on shares of Materion from $185.00 to $223.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Robert W. Baird started coverage on Materion in a research note on Wednesday, April 1st. They issued an “outperform” rating on the stock.

Materion Trading Up 6.0%

NYSE MTRN opened at $205.55 on Thursday. The firm has a market capitalization of $4.28 billion, a PE ratio of 56.16 and a beta of 1.03. The stock’s 50 day moving average is $167.49 and its 200 day moving average is $146.30. Materion has a twelve month low of $73.61 and a twelve month high of $215.62. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50.

Materion (NYSE:MTRN) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The firm had revenue of $261.79 million for the quarter, compared to analysts’ expectations of $479.03 million. During the same quarter in the previous year, the business posted $1.13 EPS. The company’s quarterly revenue was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Research analysts forecast that Materion will post 6.48 earnings per share for the current fiscal year.

Materion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 28th will be issued a $0.145 dividend. The ex-dividend date is Thursday, May 28th. This represents a $0.58 dividend on an annualized basis and a yield of 0.3%. This is an increase from Materion’s previous quarterly dividend of $0.14. Materion’s payout ratio is presently 15.30%.

Insider Activity at Materion

In other news, CFO Shelly Marie Chadwick sold 8,976 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $146.13, for a total transaction of $1,311,662.88. Following the sale, the chief financial officer directly owned 16,139 shares in the company, valued at approximately $2,358,392.07. This represents a 35.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Fashinpaur sold 309 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $160.00, for a total value of $49,440.00. Following the transaction, the chief accounting officer directly owned 310 shares in the company, valued at approximately $49,600. This represents a 49.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 16,341 shares of company stock valued at $2,478,110. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC purchased a new stake in Materion in the first quarter worth $201,000. Millennium Management LLC boosted its holdings in Materion by 54.1% in the first quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock worth $7,280,000 after acquiring an additional 31,305 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Materion during the 1st quarter worth approximately $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Materion by 12.2% in 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 worth $4,410,000 after acquiring an additional 5,894 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Materion by 44.9% in the first quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock worth $2,882,000 after purchasing an additional 10,940 shares during the last quarter. Institutional investors 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.