Materion (NYSE:MTRN – Get Free Report) had its price objective hoisted by research analysts at KeyCorp from $223.00 to $237.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price target suggests a potential upside of 2.10% from the company’s current price.
A number of other equities analysts also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Robert W. Baird initiated coverage on Materion in a report on Wednesday, April 1st. They set an “outperform” rating on the stock. Finally, Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Materion currently has an average rating of “Moderate Buy” and a consensus price target of $237.00.
View Our Latest Research Report on MTRN
Materion Stock Up 5.5%
Materion (NYSE:MTRN – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. Materion had a return on equity of 12.45% and a net margin of 3.99%.The firm had revenue of $261.79 million for the quarter, compared to the consensus estimate of $479.03 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The firm’s revenue was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, sell-side analysts predict that Materion will post 6.48 earnings per share for the current year.
Institutional Investors Weigh In On Materion
Hedge funds and other institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC acquired a new stake in shares of Materion in the third quarter worth $2,960,000. Harvey Partners LLC acquired a new stake in shares of Materion in the third quarter worth $38,418,000. Royce & Associates LP acquired a new stake in shares of Materion in the third quarter worth $11,779,000. JPMorgan Chase & Co. grew its stake in shares of Materion by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after acquiring an additional 116,091 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of Materion in the third quarter worth $1,946,000. Institutional investors and hedge funds 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.
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