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

Shares of Materion Corporation (NYSE:MTRN) have been assigned an average recommendation of “Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $310.00.

A number of research analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Materion in a research report on Wednesday. They issued a “buy” rating and a $314.00 target price for the company. Weiss Ratings raised shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 24th. KeyCorp increased their price objective on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Zacks Research upgraded Materion from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Insider Buying and Selling

In other Materion news, CEO Jugal Vijayvargiya sold 24,336 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $291.62, for a total transaction of $7,096,864.32. Following the transaction, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shelly Chadwick sold 1,705 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $293.00, for a total transaction of $499,565.00. Following the sale, the chief financial officer directly owned 15,246 shares in the company, valued at $4,467,078. This trade represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 29,053 shares of company stock worth $8,301,958 over the last 90 days. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Materion

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Materion in the second quarter valued at $1,032,985,000. UBS Group AG raised its position in shares of Materion by 18.8% in the fourth quarter. UBS Group AG now owns 60,378 shares of the basic materials company’s stock valued at $7,506,000 after purchasing an additional 9,576 shares during the period. King Luther Capital Management Corp lifted its stake in shares of Materion by 95.1% during the 4th quarter. King Luther Capital Management Corp now owns 74,075 shares of the basic materials company’s stock worth $9,209,000 after buying an additional 36,112 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Materion by 8.7% during the 1st quarter. Bank of America Corp DE now owns 118,569 shares of the basic materials company’s stock worth $17,151,000 after buying an additional 9,441 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Materion by 25.0% during the 1st quarter. California State Teachers Retirement System now owns 24,612 shares of the basic materials company’s stock worth $3,560,000 after buying an additional 4,926 shares during the period. Institutional investors own 93.56% of the company’s stock.

Materion Trading Up 1.2%

NYSE:MTRN opened at $243.33 on Friday. The company has a market cap of $5.07 billion, a P/E ratio of 56.72 and a beta of 1.08. Materion has a twelve month low of $108.28 and a twelve month high of $304.58. The business has a 50 day moving average price of $251.31 and a two-hundred day moving average price of $209.51. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. The company had revenue of $308.19 million for the quarter, compared to the consensus estimate of $549.82 million. Materion had a net margin of 4.29% and a return on equity of 13.38%. The firm’s revenue was up 42.2% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, analysts expect that Materion will post 7.06 EPS for the current fiscal year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, August 20th were paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, August 20th. Materion’s dividend payout ratio (DPR) is currently 13.52%.

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.