Materion (NYSE:MTRN) Upgraded by Wall Street Zen to “Buy” Rating

Materion (NYSE:MTRN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Friday.

Separately, KeyCorp upped their target price on shares of Materion from $115.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $117.00.

Materion Trading Up 3.6%

NYSE:MTRN opened at $113.5010 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.17 and a quick ratio of 1.25. The firm has a 50-day moving average of $93.85 and a 200-day moving average of $87.31. The company has a market cap of $2.35 billion, a PE ratio of 141.88 and a beta of 0.85. Materion has a one year low of $69.10 and a one year high of $123.21.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.19. Materion had a net margin of 0.94% and a return on equity of 12.69%. The business had revenue of $431.66 million for the quarter, compared to analysts’ expectations of $403.73 million. During the same period in the previous year, the company earned $1.42 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, equities research analysts expect that Materion will post 5.5 EPS for the current fiscal year.

Insider Buying and Selling at Materion

In related news, Director N Mohan Reddy sold 1,155 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $105.45, for a total value of $121,794.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of Materion stock in a transaction on Monday, August 4th. The stock was sold at an average price of $105.34, for a total transaction of $120,087.60. The disclosure for this sale can be found here. Insiders sold a total of 5,295 shares of company stock valued at $557,392 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Materion

A number of large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of 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 period. Jones Financial Companies Lllp purchased a new stake in Materion in the 1st quarter valued at about $34,000. First Horizon Advisors Inc. boosted its position in Materion by 25.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock valued at $46,000 after buying an additional 118 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of Materion in the second quarter valued at approximately $50,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Materion in the second quarter valued at approximately $53,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

About Materion

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.