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 research note released on Friday morning.

Separately, KeyCorp raised their price objective 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 analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $117.00.

Materion Stock Performance

Shares of NYSE MTRN opened at $119.54 on Friday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 149.43 and a beta of 0.91. The company has a current ratio of 3.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46. Materion has a 1-year low of $69.10 and a 1-year high of $123.21. The stock’s 50-day moving average is $109.51 and its 200 day moving average is $90.67.

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

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. Materion’s dividend payout ratio is presently 70.00%.

Insider Activity

In other news, CAO Melissa A. Fashinpaur sold 1,140 shares of Materion stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $105.34, for a total transaction of $120,087.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director N Mohan Reddy sold 1,155 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $105.45, for a total value of $121,794.75. The disclosure for this sale can be found here. Insiders sold 5,295 shares of company stock valued at $557,392 in the last quarter. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Materion

Several institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Materion by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 103,572 shares of the basic materials company’s stock worth $8,451,000 after purchasing an additional 2,369 shares during the period. GAMMA Investing LLC lifted its position in shares of Materion by 722.2% during the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company’s stock valued at $175,000 after buying an additional 1,885 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Materion by 7.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company’s stock valued at $54,917,000 after buying an additional 47,240 shares during the last quarter. Dover Advisors LLC purchased a new stake in shares of Materion during the second quarter valued at about $209,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Materion during the first quarter worth about $714,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

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.