Materion (NYSE:MTRN) Reaches New 1-Year High – Should You Buy?

Materion Corporation (NYSE:MTRN)’s share price reached a new 52-week high on Friday . The stock traded as high as $185.25 and last traded at $185.33, with a volume of 26227 shares traded. The stock had previously closed at $183.25.

Analyst Upgrades and Downgrades

MTRN has been the topic of several research analyst reports. Robert W. Baird initiated coverage on shares of Materion in a report on Wednesday, April 1st. They issued an “outperform” rating on the stock. KeyCorp initiated 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $170.00.

Materion Trading Up 1.6%

The firm has a market cap of $3.87 billion, a P/E ratio of 51.85 and a beta of 0.91. 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 50 day moving average of $154.40 and a 200 day moving average of $138.52.

Materion (NYSE:MTRN) last released its earnings results on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The business had revenue of $489.75 million for the quarter, compared to analysts’ expectations of $448.78 million. Materion had a return on equity of 12.36% and a net margin of 4.19%.The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, equities research analysts predict that Materion Corporation will post 6.4 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 paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, February 19th. Materion’s dividend payout ratio (DPR) is 15.60%.

Insider Activity

In other news, VP Gregory R. Chemnitz sold 4,517 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total transaction of $710,614.44. Following the transaction, the vice president directly owned 5,930 shares of the company’s stock, valued at approximately $932,907.60. This trade represents a 43.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vinod M. Khilnani sold 4,000 shares of the firm’s stock in a transaction dated 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 directly 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. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 49,549 shares of company stock valued at $7,548,444. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank boosted its holdings in shares of Materion by 1.5% during the third quarter. Amalgamated Bank now owns 6,018 shares of the basic materials company’s stock worth $727,000 after purchasing an additional 87 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Materion by 4.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,266 shares of the basic materials company’s stock worth $282,000 after purchasing an additional 91 shares during the period. Wealthspire Advisors LLC boosted its holdings in shares of Materion by 2.9% during the fourth quarter. Wealthspire Advisors LLC now owns 3,219 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 92 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Materion by 0.7% during the third quarter. Pinnacle Associates Ltd. now owns 13,045 shares of the basic materials company’s stock worth $1,576,000 after purchasing an additional 95 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Materion by 0.4% during the third quarter. Nisa Investment Advisors LLC now owns 23,357 shares of the basic materials company’s stock worth $2,822,000 after purchasing an additional 100 shares during the period. 93.56% of the stock is owned by institutional investors.

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.