Materion (NYSE:MTRN) Sets New 1-Year High – Still a Buy?

Shares of Materion Corporation (NYSE:MTRN) hit a new 52-week high on Friday . The company traded as high as $175.20 and last traded at $175.69, with a volume of 28413 shares trading hands. The stock had previously closed at $166.55.

Wall Street Analyst Weigh In

MTRN has been the subject of a number of recent research reports. KeyCorp initiated coverage on shares of Materion in a research note on Wednesday, March 25th. They issued an “overweight” rating and a $170.00 price target for the company. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Robert W. Baird initiated coverage on shares of Materion in a research note on Wednesday, April 1st. They issued an “outperform” rating for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $170.00.

Materion Stock Up 9.0%

The business’s 50 day moving average is $151.79 and its 200-day moving average is $136.51. 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 company has a market cap of $3.77 billion, a PE ratio of 50.55 and a beta of 0.91.

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

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Thursday, February 19th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, February 19th. Materion’s payout ratio is currently 15.60%.

Insider Buying and Selling at Materion

In other news, Director Vinod M. Khilnani sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $148.86, for a total transaction of $595,440.00. Following the completion of the sale, the director owned 13,665 shares in the company, valued at approximately $2,034,171.90. The trade was a 22.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jugal K. Vijayvargiya sold 12,245 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $156.86, for a total transaction of $1,920,750.70. Following the sale, the chief executive officer owned 118,008 shares of the company’s stock, valued at $18,510,734.88. This represents a 9.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 49,549 shares of company stock worth $7,548,444. 2.80% of the stock is owned by insiders.

Institutional Trading of Materion

Several institutional investors have recently modified their holdings of MTRN. AQR Capital Management LLC purchased a new stake in shares of Materion during the 1st quarter worth approximately $201,000. Millennium Management LLC raised its position in Materion by 54.1% in the 1st quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock valued at $7,280,000 after purchasing an additional 31,305 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Materion in the 1st quarter valued at $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Materion by 12.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company’s stock valued at $4,410,000 after purchasing an additional 5,894 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Materion by 44.9% in the 1st quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock valued at $2,882,000 after purchasing an additional 10,940 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

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.