Materion Corporation (NYSE:MTRN – Get Free Report)’s share price fell 7.1% during trading on Wednesday . The company traded as low as $244.02 and last traded at $245.33. Approximately 282,170 shares changed hands during trading, a decline of 2% from the average session volume of 288,593 shares. The stock had previously closed at $264.03.
Wall Street Analysts Forecast Growth
MTRN has been the subject of several research analyst reports. KeyCorp increased their price objective on Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings downgraded Materion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Zacks Research upgraded Materion from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Materion presently has an average rating of “Buy” and a consensus price target of $306.00.
View Our Latest Stock Report on Materion
Materion Trading Down 0.9%
Materion (NYSE:MTRN – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.52 by $0.38. The company had revenue of $308.19 million for the quarter, compared to analyst estimates of $549.82 million. Materion had a return on equity of 13.38% and a net margin of 4.29%.The firm’s revenue was up 42.2% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, equities research analysts anticipate that Materion Corporation will post 7.06 EPS for the current year.
Materion Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be issued a $0.145 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.58 dividend on an annualized basis and a yield of 0.3%. Materion’s payout ratio is currently 13.52%.
Insider Activity
In other Materion news, CEO Jugal K. Vijayvargiya sold 24,336 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $291.62, for a total transaction of $7,096,864.32. Following the transaction, the chief executive officer directly owned 116,699 shares in the company, valued at $34,031,762.38. This represents a 17.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Shelly Marie Chadwick sold 1,705 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $293.00, for a total transaction of $499,565.00. Following the transaction, the chief financial officer directly owned 15,246 shares in the company, valued at $4,467,078. The trade was a 10.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.80% of the company’s stock.
Hedge Funds Weigh In On Materion
Several large investors have recently added to or reduced their stakes in MTRN. BlackRock Inc. bought a new position in Materion in the second quarter worth about $1,032,985,000. State Street Corp increased its stake in Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after buying an additional 283,998 shares during the period. Trigran Investments Inc. raised its holdings in Materion by 0.5% during the second quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock worth $63,397,000 after purchasing an additional 3,982 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Materion in the 2nd quarter worth $132,656,000. Finally, Morgan Stanley lifted its holdings in Materion by 12.2% in the 4th quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock valued at $53,393,000 after acquiring an additional 46,613 shares during the last quarter. 93.56% of the stock is currently 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.
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