Materion Corporation (NYSE:MTRN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Materion Corporation (NYSE:MTRN) have been given an average rating of “Moderate Buy” by the four brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $237.00.

A number of research analysts have commented on the stock. Robert W. Baird assumed coverage on shares of Materion in a research report on Wednesday, April 1st. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Finally, KeyCorp upped their price objective on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd.

Materion Price Performance

NYSE:MTRN opened at $243.46 on Friday. Materion has a 52 week low of $85.17 and a 52 week high of $298.87. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $5.06 billion, a P/E ratio of 66.52 and a beta of 1.03. The stock’s fifty day moving average is $240.87 and its two-hundred day moving average is $183.16.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.24 by $0.03. The business had revenue of $261.79 million for the quarter, compared to analyst estimates of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities analysts expect that Materion will post 6.42 EPS for the current year.

Materion Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 28th were given a $0.145 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This is a positive change from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. Materion’s dividend payout ratio is presently 15.85%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Harbor Investment Advisory LLC purchased a new stake in shares of Materion in the 2nd quarter valued at $32,000. Maseco LLP purchased a new position in Materion during the 4th quarter valued at about $27,000. Measured Wealth Private Client Group LLC purchased a new position in Materion during the 3rd quarter valued at about $35,000. Kestra Advisory Services LLC acquired a new position in Materion in the 4th quarter valued at about $40,000. Finally, EverSource Wealth Advisors LLC grew its position in 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 acquiring an additional 225 shares in the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

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.