Materion (NYSE:MTRN) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Materion (NYSE:MTRN) from a buy rating to a hold rating in a report published on Sunday.

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

Materion Price Performance

Shares of MTRN stock opened at $136.28 on Friday. The business has a fifty day simple moving average of $147.19 and a 200 day simple moving average of $130.35. The company has a market cap of $2.83 billion, a P/E ratio of 37.96 and a beta of 0.84. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.48. Materion has a twelve month low of $69.10 and a twelve month high of $172.03.

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

Materion Dividend Announcement

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

Insiders Place Their Bets

In other Materion news, Director Vinod M. Khilnani sold 4,000 shares of the company’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 directly owned 13,665 shares in the company, valued at approximately $2,034,171.90. This represents a 22.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gregory R. Chemnitz sold 4,517 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president owned 5,930 shares of the company’s stock, valued at approximately $932,907.60. This trade represents a 43.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 49,549 shares of company stock worth $7,548,444 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Materion

Several institutional investors have recently modified their holdings of MTRN. Montag A & Associates Inc. increased its holdings in Materion by 1,607.7% in the third quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 209 shares during the period. Maseco LLP acquired a new position in Materion during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC grew its position in shares of Materion by 182.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock valued at $28,000 after buying an additional 225 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Materion in the 1st quarter valued at about $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Materion in the third quarter valued at about $35,000. 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.