Materion (NYSE:MTRN) VP Sells $710,614.44 in Stock

Materion Corporation (NYSE:MTRN) VP Gregory Chemnitz sold 4,517 shares of Materion stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $157.32, for a total transaction of $710,614.44. Following the completion of the sale, the vice president owned 5,930 shares in the company, valued at approximately $932,907.60. This trade represents a 43.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Materion Trading Down 3.3%

Materion stock traded down $5.50 during mid-day trading on Tuesday, reaching $161.09. 281,622 shares of the company traded hands, compared to its average volume of 199,453. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.11 and a quick ratio of 1.29. Materion Corporation has a 52-week low of $69.10 and a 52-week high of $172.03. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 44.87 and a beta of 0.84. The firm’s 50 day moving average price is $143.53 and its 200 day moving average price is $128.08.

Materion (NYSE:MTRN) last announced its 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. Materion had a net margin of 4.19% and a return on equity of 12.36%. The firm had revenue of $489.75 million for the quarter, compared to analyst estimates of $448.78 million. During the same quarter in the previous year, the firm posted $1.55 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. On average, analysts anticipate that Materion Corporation will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

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

Institutional Investors Weigh In On Materion

Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its holdings in shares of Materion by 1.5% during the third quarter. Amalgamated Bank now owns 6,018 shares of the basic materials company’s stock valued at $727,000 after acquiring an additional 87 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Materion by 4.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,266 shares of the basic materials company’s stock valued at $282,000 after purchasing an additional 91 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Materion by 2.9% during the 4th quarter. Wealthspire Advisors LLC now owns 3,219 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 92 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in Materion by 0.7% in the third quarter. Pinnacle Associates Ltd. now owns 13,045 shares of the basic materials company’s stock worth $1,576,000 after buying an additional 95 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Materion by 0.4% in the third quarter. Nisa Investment Advisors LLC now owns 23,357 shares of the basic materials company’s stock worth $2,822,000 after buying an additional 100 shares in the last quarter. 93.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MTRN shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. KeyCorp boosted their target price on shares of Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.00.

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.