Materion (NYSE:MTRN) Sets New 52-Week High – What’s Next?

Materion Corporation (NYSE:MTRN) hit a new 52-week high on Wednesday . The company traded as high as $148.25 and last traded at $146.8360, with a volume of 45834 shares changing hands. The stock had previously closed at $139.76.

Wall Street Analysts Forecast Growth

MTRN has been the topic of a number of analyst reports. Zacks Research cut Materion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. KeyCorp set a $161.00 price target on Materion and gave the company an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $161.00.

Materion Stock Up 4.5%

The company has a market cap of $3.03 billion, a price-to-earnings ratio of 152.11 and a beta of 0.86. The business has a 50-day simple moving average of $124.30 and a two-hundred day simple moving average of $115.06. The company has a quick ratio of 1.31, a current ratio of 3.29 and a debt-to-equity ratio of 0.49.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. The firm had revenue of $444.81 million for the quarter, compared to the consensus estimate of $444.43 million. Materion had a net margin of 1.12% and a return on equity of 12.66%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.41 earnings per share. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, equities analysts forecast that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Thursday, November 13th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 0.4%. Materion’s dividend payout ratio (DPR) is presently 58.95%.

Insider Activity

In other Materion news, VP Gregory R. Chemnitz sold 864 shares of Materion stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $113.23, for a total transaction of $97,830.72. Following the transaction, the vice president directly owned 10,376 shares of the company’s stock, valued at approximately $1,174,874.48. The trade was a 7.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in Materion in the 1st quarter worth about $201,000. Millennium Management LLC lifted its position in Materion by 54.1% during the first quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock valued at $7,280,000 after purchasing an additional 31,305 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Materion in the 1st quarter worth approximately $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Materion by 12.2% during 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 valued at $4,410,000 after buying an additional 5,894 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings 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 buying an additional 10,940 shares in the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

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.