Brokerages Set Materion Corporation (NYSE:MTRN) Target Price at $94.00

Materion Corporation (NYSE:MTRN) has been given a consensus recommendation of “Moderate Buy” by the four brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $170.00.

A number of research analysts have recently issued reports on MTRN shares. Robert W. Baird assumed coverage on shares of Materion in a research report on Wednesday. They issued an “outperform” rating on the stock. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. Finally, KeyCorp began coverage on shares of Materion in a report on Wednesday, March 25th. They issued an “overweight” rating and a $170.00 price target on the stock.

Materion Trading Down 0.0%

Shares of NYSE MTRN opened at $149.10 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.11 and a quick ratio of 1.29. The stock has a market capitalization of $3.10 billion, a P/E ratio of 41.53 and a beta of 0.91. Materion has a 1-year low of $69.10 and a 1-year high of $172.03. The business has a fifty day moving average price of $147.54 and a 200 day moving average price of $133.32.

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

Materion Announces Dividend

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

Insider Activity at Materion

In other news, CEO Jugal K. Vijayvargiya sold 12,963 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $148.56, for a total transaction of $1,925,783.28. Following the sale, the chief executive officer owned 130,253 shares in the company, valued at approximately $19,350,385.68. The trade was a 9.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory R. Chemnitz sold 4,517 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $157.32, for a total transaction of $710,614.44. Following the transaction, the vice president owned 5,930 shares in the company, valued at approximately $932,907.60. This trade represents a 43.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 49,549 shares of company stock worth $7,548,444 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Materion

A number of institutional investors have recently bought and sold shares of MTRN. Rockefeller Capital Management L.P. increased its stake in Materion by 152.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 858 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 518 shares in the last quarter. MidFirst Bank acquired a new stake in shares of Materion during the fourth quarter worth $288,000. Invesco Ltd. grew its holdings in shares of Materion by 1.4% during the fourth quarter. Invesco Ltd. now owns 73,836 shares of the basic materials company’s stock valued at $9,179,000 after buying an additional 1,013 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Materion by 4.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,266 shares of the basic materials company’s stock valued at $282,000 after acquiring an additional 91 shares during the period. Finally, Summit Global Investments acquired a new position in shares of Materion in the 4th quarter valued at $570,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Company Profile

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.