Materion (NYSE:MTRN) Research Coverage Started at Robert W. Baird

Robert W. Baird assumed coverage on shares of Materion (NYSE:MTRN) in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage issued an outperform rating on the basic materials company’s stock.

Several other research firms have also commented on MTRN. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Finally, KeyCorp assumed coverage on Materion in a research report on Wednesday, March 25th. They set an “overweight” rating and a $170.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $170.00.

Materion Price Performance

NYSE:MTRN opened at $149.10 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $147.54 and its 200 day moving average price is $133.32. Materion has a 52-week low of $69.10 and a 52-week high of $172.03. The firm has a market cap of $3.10 billion, a P/E ratio of 41.53 and a beta of 0.91.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Thursday, February 12th. The basic materials company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $489.75 million during the quarter, compared to the consensus estimate of $448.78 million. Materion had a net margin of 4.19% and a return on equity of 12.36%. Materion’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, sell-side analysts predict that Materion will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Thursday, February 19th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, February 19th. Materion’s dividend payout ratio (DPR) is presently 15.60%.

Insiders Place Their Bets

In related news, Director Vinod M. Khilnani sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $148.86, for a total value of $595,440.00. Following the completion of the transaction, the director owned 13,665 shares of the company’s stock, valued at approximately $2,034,171.90. This trade represents a 22.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Gregory R. Chemnitz sold 4,517 shares of Materion stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total transaction of $710,614.44. Following the transaction, the vice president owned 5,930 shares in the company, valued at approximately $932,907.60. The trade was a 43.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,549 shares of company stock valued at $7,548,444 over the last 90 days. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Materion

Several hedge funds and other institutional investors have recently modified their holdings of the business. Oliver Luxxe Assets LLC acquired a new stake in Materion during the 3rd quarter worth about $1,673,000. First Eagle Investment Management LLC acquired a new position in shares of Materion in the 3rd quarter valued at about $2,960,000. Jackson Creek Investment Advisors LLC acquired a new position in shares of Materion in the 3rd quarter valued at about $1,946,000. JPMorgan Chase & Co. lifted its position in shares of Materion by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after purchasing an additional 116,091 shares in the last quarter. Finally, Harvey Partners LLC purchased a new stake in shares of Materion in the third quarter worth approximately $38,418,000. 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.