MidFirst Bank Buys New Position in Materion Corporation $MTRN

MidFirst Bank bought a new position in shares of Materion Corporation (NYSE:MTRN) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,320 shares of the basic materials company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Maseco LLP acquired a new stake in Materion in the 4th quarter valued at about $27,000. Montag A & Associates Inc. grew its stake in shares of Materion by 1,607.7% in the 3rd quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Materion in the 3rd quarter worth approximately $35,000. Kestra Advisory Services LLC bought a new stake in shares of Materion in the 4th quarter worth approximately $40,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Materion by 182.9% during the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 225 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors.

Materion Price Performance

NYSE MTRN opened at $276.05 on Friday. The stock’s 50-day moving average price is $207.46 and its two-hundred day moving average price is $164.20. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.74 billion, a PE ratio of 75.42 and a beta of 1.08. Materion Corporation has a 1 year low of $76.09 and a 1 year high of $276.42.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The company had revenue of $261.79 million during the quarter, compared to analyst estimates of $479.03 million. During the same period in the prior year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, analysts predict that Materion Corporation will post 6.48 EPS for the current year.

Materion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were issued a dividend of $0.145 per share. This is an increase from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, May 28th. Materion’s dividend payout ratio (DPR) is presently 15.85%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MTRN shares. KeyCorp raised their target price on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Robert W. Baird initiated coverage on Materion in a report on Wednesday, April 1st. They issued an “outperform” rating on the stock. Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Materion presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.00.

Materion 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.