Materion Corporation (NYSE:MTRN – Get Free Report) CFO Shelly Marie Chadwick sold 1,705 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $293.00, for a total transaction of $499,565.00. Following the completion of the transaction, the chief financial officer owned 15,246 shares in the company, valued at approximately $4,467,078. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Materion Stock Performance
Shares of MTRN stock traded up $0.66 during trading hours on Tuesday, hitting $280.33. 203,627 shares of the company were exchanged, compared to its average volume of 289,487. The firm has a fifty day simple moving average of $251.74 and a 200 day simple moving average of $195.93. The company has a current ratio of 2.94, a quick ratio of 1.29 and a debt-to-equity ratio of 0.44. Materion Corporation has a 52-week low of $104.90 and a 52-week high of $304.58. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 65.34 and a beta of 1.07.
Materion (NYSE:MTRN – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The company had revenue of $308.19 million for the quarter, compared to analysts’ expectations of $549.82 million. During the same quarter in the previous year, the firm posted $1.37 EPS. Materion’s revenue was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Research analysts predict that Materion Corporation will post 7.06 earnings per share for the current fiscal year.
Materion Dividend Announcement
Wall Street Analyst Weigh In
MTRN has been the topic of several research reports. Weiss Ratings lowered shares of Materion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded Materion from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, KeyCorp lifted their price target on Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Materion currently has an average rating of “Buy” and a consensus price target of $306.00.
Get Our Latest Stock Analysis on MTRN
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. boosted its stake in Materion by 2.2% during the second quarter. Contravisory Investment Management Inc. now owns 1,867 shares of the basic materials company’s stock valued at $555,000 after buying an additional 40 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Materion by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 4,760 shares of the basic materials company’s stock worth $689,000 after acquiring an additional 63 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Materion by 22.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 72 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings 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 in the last quarter. Finally, Wealthspire Advisors LLC boosted its position in shares of Materion by 2.9% during the 4th quarter. Wealthspire Advisors LLC now owns 3,219 shares of the basic materials company’s stock valued at $400,000 after acquiring an additional 92 shares during the last quarter. 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.
Recommended Stories
- Five stocks we like better than Materion
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.com's FREE daily email newsletter.
