Materion (NYSE:MTRN) Hits New 1-Year High – Should You Buy?

Materion Corporation (NYSE:MTRN) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $185.25 and last traded at $185.33, with a volume of 26227 shares traded. The stock had previously closed at $183.25.

Analyst Ratings Changes

A number of brokerages recently issued reports on MTRN. KeyCorp began coverage on Materion in a report on Wednesday, March 25th. They issued an “overweight” rating and a $170.00 target price on the stock. Robert W. Baird began coverage on Materion in a report on Wednesday, April 1st. They issued an “outperform” rating on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Materion has a consensus rating of “Moderate Buy” and an average target price of $170.00.

Materion Trading Up 1.9%

The stock has a market capitalization of $3.89 billion, a PE ratio of 52.05 and a beta of 0.91. The firm has a 50-day moving average price of $153.87 and a 200-day moving average price of $138.00. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48.

Materion (NYSE:MTRN) last announced its earnings results on Thursday, February 12th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. Materion had a return on equity of 12.36% and a net margin of 4.19%.The firm had revenue of $489.75 million during the quarter, compared to analyst estimates of $448.78 million. During the same period last year, the firm posted $1.55 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, equities analysts forecast that Materion Corporation will post 6.4 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Thursday, February 19th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.3%. Materion’s dividend payout ratio (DPR) is currently 15.60%.

Insider Activity

In other news, CAO Melissa A. Fashinpaur sold 309 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $160.00, for a total transaction of $49,440.00. Following the completion of the sale, the chief accounting officer directly owned 310 shares of the company’s stock, valued at $49,600. This trade represents a 49.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jugal K. Vijayvargiya sold 12,245 shares of Materion stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $156.86, for a total value of $1,920,750.70. Following the completion of the sale, the chief executive officer directly owned 118,008 shares of the company’s stock, valued at approximately $18,510,734.88. This trade represents a 9.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 49,549 shares of company stock worth $7,548,444. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Materion

Several large investors have recently added to or reduced their stakes in MTRN. AQR Capital Management LLC purchased a new stake in Materion in the 1st quarter worth about $201,000. Millennium Management LLC increased its holdings in Materion by 54.1% in the 1st 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 during the last quarter. Jones Financial Companies Lllp bought a new position in Materion in the 1st quarter worth about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 purchasing an additional 5,894 shares during the period. Finally, Jane Street Group LLC boosted its stake in Materion by 44.9% in the 1st 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 period. Hedge funds and other 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.