Materion (NYSE:MTRN – Free Report) had its price target reduced by KeyCorp from $306.00 to $232.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.
Several other research analysts also recently issued reports on MTRN. Seaport Research Partners raised Materion from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Thursday. Wall Street Zen raised Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research downgraded Materion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Jefferies Financial Group assumed coverage on Materion in a research note on Wednesday, September 2nd. They set a “buy” rating and a $314.00 price target on the stock. Finally, Weiss Ratings lowered Materion from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Materion currently has an average rating of “Moderate Buy” and an average price target of $273.00.
Read Our Latest Analysis on Materion
Materion Trading Down 5.8%
MTRN stock opened at $176.37 on Thursday. The business has a fifty day moving average price of $250.63 and a 200 day moving average price of $212.63. Materion has a fifty-two week low of $110.69 and a fifty-two week high of $324.98. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 36.14 and a beta of 1.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.29.
Materion (NYSE:MTRN – Get Free Report) last announced its earnings results on Wednesday, November 4th. The basic materials company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Materion had a return on equity of 14.23% and a net margin of 4.64%. The company had revenue of $313.66 million during the quarter, compared to analyst estimates of $611.38 million. During the same period last year, the company posted $1.41 earnings per share. The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. Analysts expect that Materion will post 7.12 EPS for the current fiscal year.
Materion Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, November 19th. Materion’s dividend payout ratio (DPR) is 13.52%.
Insider Activity at Materion
In related news, Director Vinod Khilnani sold 2,000 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $235.16, for a total value of $470,320.00. Following the completion of the transaction, the director directly owned 11,171 shares of the company’s stock, valued at approximately $2,626,972.36. This represents a 15.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emily Liggett sold 1,012 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $232.42, for a total value of $235,209.04. Following the completion of the sale, the director owned 3,161 shares in the company, valued at approximately $734,679.62. This trade represents a 24.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC acquired a new stake in Materion during the second quarter worth approximately $32,000. Polaris Financial Partners acquired a new stake in shares of Materion during the 3rd quarter worth $36,000. Root Financial Partners LLC bought a new position in Materion in the 3rd quarter valued at about $38,000. Allworth Financial LP bought a new position in Materion in the second quarter valued at approximately $52,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Materion by 22.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the basic materials company’s stock worth $57,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.
Key Headlines Impacting Materion
Here are the key news stories impacting Materion this week:
- Positive Sentiment: Materion reported record Q3 results: net sales rose 27.5% year over year to $567.3 million, and adjusted EPS of $1.93 topped the $1.89 consensus estimate. Company results and outlook
- Positive Sentiment: The company raised its full-year adjusted EPS outlook to $7.10–$7.40 and anticipates high-teens top-line growth in 2026, signaling confidence in continued demand and growth. 2026 growth and earnings outlook
- Positive Sentiment: Seaport upgraded MTRN to Buy from Neutral and set a $250 price target, reflecting a more favorable analyst view. Seaport upgrade
- Negative Sentiment: KeyCorp lowered its price target to $232 from $306, a substantial reduction that could temper enthusiasm, although it retained an Overweight rating. KeyCorp rating and target
About Materion
Materion Corporation is an advanced materials company that develops, manufactures and supplies engineered materials for demanding applications. Its product portfolio includes beryllium and beryllium-aluminum alloys, specialty metals, precious-metal and clad materials, thin-film coating materials, optical filters and other precision components.
The company’s materials and products are used in aerospace and defense, semiconductor manufacturing, communications, medical technology, energy, automotive and other industrial markets.
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