Materion (NYSE:MTRN) Reaches New 12-Month High – Should You Buy?

Materion Corporation (NYSE:MTRNGet Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $257.14 and last traded at $251.5890, with a volume of 444935 shares trading hands. The stock had previously closed at $247.26.

Analyst Ratings Changes

MTRN has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Weiss Ratings reaffirmed 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, KeyCorp raised their target price on Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Materion presently has an average rating of “Moderate Buy” and an average price target of $237.00.

Read Our Latest Stock Report on MTRN

Materion Trading Up 0.8%

The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $196.14 and its 200-day moving average price is $159.44. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 68.10 and a beta of 1.08.

Materion (NYSE:MTRNGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The firm had revenue of $261.79 million during the quarter, compared to the consensus estimate of $479.03 million. During the same quarter in the prior year, the firm earned $1.13 EPS. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities analysts expect that Materion Corporation will post 6.48 EPS for the current fiscal year.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 28th were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.58 annualized dividend and a yield of 0.2%. This is a boost from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio is currently 15.85%.

Institutional Trading of Materion

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in Materion by 8.7% during the 1st quarter. Bank of America Corp DE now owns 118,569 shares of the basic materials company’s stock valued at $17,151,000 after acquiring an additional 9,441 shares in the last quarter. Amundi lifted its holdings in shares of Materion by 33.6% in the 1st quarter. Amundi now owns 3,825 shares of the basic materials company’s stock worth $553,000 after acquiring an additional 962 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $57,000 after acquiring an additional 72 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Materion by 25.0% during the 1st quarter. California State Teachers Retirement System now owns 24,612 shares of the basic materials company’s stock worth $3,560,000 after buying an additional 4,926 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Materion by 23.0% during the 1st quarter. Quantinno Capital Management LP now owns 5,919 shares of the basic materials company’s stock worth $856,000 after buying an additional 1,106 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

About Materion

(Get Free Report)

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.

Further Reading

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