Materion (NYSE:MTRN) Coverage Initiated by Analysts at KeyCorp

KeyCorp started coverage on shares of Materion (NYSE:MTRN) in a report issued on Wednesday. The firm issued an overweight rating and a $170.00 price target on the basic materials company’s stock.

Other equities analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. One research analyst has 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 stock presently has an average rating of “Hold” and an average price target of $170.00.

Materion Stock Up 4.7%

MTRN stock opened at $148.07 on Wednesday. Materion has a fifty-two week low of $69.10 and a fifty-two week high of $172.03. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 41.24 and a beta of 0.84. The business’s 50 day moving average price is $147.75 and its two-hundred day moving average price is $131.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.11.

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 company had revenue of $489.75 million during 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 for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, analysts forecast that Materion will post 5.5 earnings per share for the current fiscal year.

Materion Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO Shelly Marie Chadwick sold 8,976 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $146.13, for a total transaction of $1,311,662.88. Following the transaction, the chief financial officer directly owned 16,139 shares of the company’s stock, valued at $2,358,392.07. This represents a 35.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jugal K. Vijayvargiya sold 12,963 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $148.56, for a total value of $1,925,783.28. Following the sale, the chief executive officer directly owned 130,253 shares in the company, valued at $19,350,385.68. This trade represents a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,549 shares of company stock worth $7,548,444 in the last three months. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Materion

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Montag A & Associates Inc. raised its holdings in shares of Materion by 1,607.7% during the third quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 209 shares during the last quarter. Maseco LLP purchased a new stake in Materion in the fourth quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its holdings in Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Materion in the 1st quarter worth approximately $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Materion in the 3rd quarter worth 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.