NYSE:MTRN

Materion (MTRN) Stock Price, News & Analysis

$117.02
+1.88 (+1.63%)
(As of 05/17/2024 ET)
Today's Range
$116.17
$117.78
50-Day Range
$107.16
$139.14
52-Week Range
$92.23
$145.08
Volume
102,055 shs
Average Volume
109,776 shs
Market Capitalization
$2.43 billion
P/E Ratio
29.33
Dividend Yield
0.44%
Price Target
$142.50

Materion MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.8% Upside
$142.50 Price Target
Short Interest
Healthy
1.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.54mentions of Materion in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.02 M Sold Last Quarter
Proj. Earnings Growth
23.04%
From $5.86 to $7.21 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.26 out of 5 stars

Basic Materials Sector

28th out of 170 stocks

Metal Forgings & Stampings Industry

2nd out of 4 stocks

MTRN stock logo

About Materion Stock (NYSE:MTRN)

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The company provides advanced engineered solutions comprising beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes; engineering and product development services; alloyed metals, beryllium products, and beryllium hydroxide; precision strip, rod, and wire products, as well as engineered strip metal products; and ToughMet alloys and SupremEX aluminum silicon carbide metal matrix composite formulation products. It operates the bertrandite ore mine and refinery located in Utah that provides feedstock hydroxide for its beryllium businesses and external sale. In addition, it produces advanced chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire. Further, the company designs and produces precision thin film coatings, optical filters, and assemblies. The company sells its products directly from its facilities, as well as through company-owned service centers, outside distributors, agents, direct sales offices, and independent sales representatives. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in March 2011. Materion Corporation was founded in 1921 and is headquartered in Mayfield Heights, Ohio.

MTRN Stock Price History

MTRN Stock News Headlines

Materion Corporation (MTRN)
KeyCorp Lowers Materion (NYSE:MTRN) Price Target to $152.00
Q1 2024 Materion Corp Earnings Call
Here's what to expect from Materion's earnings report
Materion Q1 2024 Earnings Preview
KeyBanc Reaffirms Their Buy Rating on Materion (MTRN)
Q4 2023 Aterian Inc Earnings Call
MTRN Mar 2024 140.000 call
Materion Corp.
Materion Stock (NYSE:MTRN), Dividends
Materion Corp CFO Shelly Chadwick Sells 2,000 Shares
See More Headlines
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Company Calendar

Ex-Dividend for 3/8 Dividend
2/21/2024
Dividend Payable
3/08/2024
Last Earnings
5/01/2024
Today
5/17/2024
Ex-Dividend for 6/7 Dividend
5/22/2024
Dividend Payable
6/07/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal forgings & stampings
Sub-Industry
Diversified Metals & Mining
CUSIP
57669010
Employees
3,404
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$142.50
High Stock Price Target
$152.00
Low Stock Price Target
$133.00
Potential Upside/Downside
+21.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$95.70 million
Pretax Margin
5.74%

Debt

Sales & Book Value

Annual Sales
$1.67 billion
Cash Flow
$8.83 per share
Book Value
$42.93 per share

Miscellaneous

Free Float
20,254,000
Market Cap
$2.43 billion
Optionable
Optionable
Beta
1.17
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Key Executives

  • Mr. Jugal K. Vijayvargiya (Age 56)
    CEO, President & Director
    Comp: $1.65M
  • Ms. Shelly M. Chadwick (Age 51)
    Chief Accounting Officer & CFO
    Comp: $728.05k
  • Mr. Gregory R. Chemnitz (Age 66)
    VP, General Counsel & Secretary
    Comp: $674.6k
  • Dr. Ian Tribick Ph.D.
    President of Precision Optics & Chief Technology Officer
  • Mr. Steven J. Holt (Age 60)
    Chief Information Officer
  • Kyle Kelleher
    Manager of Investor Relations
  • Ms. Shannon Bennett
    Vice President of Global Communications
  • Mr. Sam Fulton
    Vice President of Strategy & Corporate Development
  • Mr. Allen F. Reid
    Chief Human Resources Officer
  • Mr. John M. Zaranec
    Division Chief Financial Officer Performance Materials

MTRN Stock Analysis - Frequently Asked Questions

Should I buy or sell Materion stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Materion in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTRN shares.
View MTRN analyst ratings
or view top-rated stocks.

What is Materion's stock price target for 2024?

2 Wall Street analysts have issued twelve-month price objectives for Materion's shares. Their MTRN share price targets range from $133.00 to $152.00. On average, they expect the company's stock price to reach $142.50 in the next year. This suggests a possible upside of 21.8% from the stock's current price.
View analysts price targets for MTRN
or view top-rated stocks among Wall Street analysts.

How have MTRN shares performed in 2024?

Materion's stock was trading at $130.13 at the beginning of 2024. Since then, MTRN stock has decreased by 10.1% and is now trading at $117.02.
View the best growth stocks for 2024 here
.

When is Materion's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our MTRN earnings forecast
.

How were Materion's earnings last quarter?

Materion Co. (NYSE:MTRN) issued its quarterly earnings data on Wednesday, May, 1st. The basic materials company reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by $0.02. The basic materials company had revenue of $385.29 million for the quarter, compared to analyst estimates of $386.84 million. Materion had a net margin of 5.19% and a trailing twelve-month return on equity of 12.32%. The firm's revenue for the quarter was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 earnings per share.

How often does Materion pay dividends? What is the dividend yield for Materion?

Materion declared a quarterly dividend on Thursday, May 9th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.135 per share on Friday, June 7th. This represents a $0.54 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a positive change from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for MTRN
.

Is Materion a good dividend stock?

Materion (NYSE:MTRN) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.45%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 13.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTRN will have a dividend payout ratio of 7.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTRN.

What guidance has Materion issued on next quarter's earnings?

Materion updated its FY24 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of $5.60-6.20 for the period, compared to the consensus estimate of $5.97.

What is Jugal K. Vijayvargiya's approval rating as Materion's CEO?

13 employees have rated Materion Chief Executive Officer Jugal K. Vijayvargiya on Glassdoor.com. Jugal K. Vijayvargiya has an approval rating of 52% among the company's employees. This puts Jugal K. Vijayvargiya in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Materion own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Materion investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Accenture (ACN), Endologix (ELGX), AbbVie (ABBV), Micron Technology (MU), Costco Wholesale (COST), Starbucks (SBUX) and Agrium (AGU).

Who are Materion's major shareholders?

Materion's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.32%), Capital Research Global Investors (6.45%), Silvercrest Asset Management Group LLC (2.22%), Vaughan Nelson Investment Management L.P. (2.13%), Jennison Associates LLC (1.26%) and Gamco Investors INC. ET AL (1.01%). Insiders that own company stock include Craig S Shular, Emily M Liggett, Gregory R Chemnitz and Shelly Marie Chadwick.
View institutional ownership trends
.

How do I buy shares of Materion?

Shares of MTRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MTRN) was last updated on 5/18/2024 by MarketBeat.com Staff

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