Materion (NYSE:MTRN) Downgraded to “Hold” Rating by Wall Street Zen

Materion (NYSE:MTRN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

Other research analysts also recently issued research reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. KeyCorp raised their price target on Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $170.00.

Materion Price Performance

Shares of NYSE:MTRN opened at $136.28 on Friday. The stock has a market cap of $2.83 billion, a PE ratio of 37.96 and a beta of 0.84. The company’s fifty day moving average is $147.19 and its 200 day moving average is $130.21. 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 has a 52 week low of $69.10 and a 52 week high of $172.03.

Materion (NYSE:MTRN) last released its earnings results on Thursday, February 12th. The basic materials company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $489.75 million during 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%.Materion’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Research analysts anticipate that Materion will post 5.5 earnings per share for the current year.

Insider Buying and Selling at Materion

In other Materion news, Director Vinod M. Khilnani sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $148.86, for a total value of $595,440.00. Following the sale, the director directly owned 13,665 shares of the company’s stock, valued at approximately $2,034,171.90. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gregory R. Chemnitz sold 4,517 shares of the 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 sale, the vice president directly owned 5,930 shares in the company, valued at $932,907.60. This trade represents a 43.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 49,549 shares of company stock valued at $7,548,444 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Materion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Materion by 28.0% during the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after purchasing an additional 283,998 shares during the last quarter. Trigran Investments Inc. lifted its holdings in shares of Materion by 0.5% during the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock valued at $63,397,000 after buying an additional 3,982 shares during the period. Geode Capital Management LLC boosted its stake in shares of Materion by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 487,186 shares of the basic materials company’s stock worth $38,673,000 after buying an additional 10,468 shares during the last quarter. Morgan Stanley grew its stake in shares of Materion by 12.2% during the 4th quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock valued at $53,393,000 after purchasing an additional 46,613 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Materion by 53.2% during the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock valued at $44,121,000 after purchasing an additional 126,794 shares during the period. 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.