Materion (NYSE:MTRN) Now Covered by Robert W. Baird

Robert W. Baird started coverage on shares of Materion (NYSE:MTRN) in a research note released on Wednesday morning,Benzinga reports. The firm issued an outperform rating on the basic materials company’s stock.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. KeyCorp started coverage on Materion in a report on Wednesday, March 25th. They issued an “overweight” rating and a $170.00 target price on the stock. Finally, Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.00.

Materion Stock Up 2.5%

Shares of Materion stock opened at $148.26 on Wednesday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 41.30 and a beta of 0.91. The company’s 50 day moving average is $147.26 and its 200 day moving average is $132.97. Materion has a twelve month low of $69.10 and a twelve month high of $172.03. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.48.

Materion (NYSE:MTRN) last issued its earnings results on Thursday, February 12th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. The company had revenue of $489.75 million for the quarter, compared to analysts’ expectations of $448.78 million. Materion had a net margin of 4.19% and a return on equity of 12.36%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $1.55 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Research analysts anticipate that Materion will post 5.5 EPS for the current year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Thursday, February 19th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, February 19th. Materion’s dividend payout ratio (DPR) is currently 15.60%.

Insider Activity

In other news, CAO Melissa A. Fashinpaur sold 309 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $160.00, for a total value of $49,440.00. Following the completion of the sale, the chief accounting officer directly owned 310 shares in the company, valued at $49,600. This represents a 49.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Vinod M. Khilnani sold 4,000 shares of Materion stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $148.86, for a total value of $595,440.00. Following the transaction, the director owned 13,665 shares in the company, valued at $2,034,171.90. This trade represents a 22.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 49,549 shares of company stock worth $7,548,444. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Montag A & Associates Inc. grew its stake in shares of Materion by 1,607.7% during the 3rd quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 209 shares during the period. Maseco LLP purchased a new stake in Materion in the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its stake in Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares during the period. Jones Financial Companies Lllp purchased a new position in Materion during the first quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Materion during the third quarter valued at approximately $35,000. Institutional investors own 93.56% of the company’s stock.

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.