Shares of Materion Corporation (NYSE:MTRN – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $282.99 and last traded at $275.2970, with a volume of 1485 shares. The stock had previously closed at $274.98.
Analyst Upgrades and Downgrades
MTRN has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Robert W. Baird initiated coverage on shares of Materion in a research report on Wednesday, April 1st. They issued an “outperform” rating for the company. KeyCorp raised their price target on shares of Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Materion presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.00.
Get Our Latest Analysis on MTRN
Materion Price Performance
Materion (NYSE:MTRN – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $261.79 million during the quarter, compared to the consensus estimate of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, research analysts expect that Materion Corporation will post 6.48 earnings per share for the current fiscal year.
Materion Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were paid a $0.145 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio (DPR) is currently 15.85%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Montag A & Associates Inc. lifted its position in Materion by 1,607.7% in the third quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 209 shares during the period. Maseco LLP acquired a new position in shares of Materion during the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC increased its position in shares of Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 225 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Materion in the 1st quarter worth $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Materion in the third quarter valued at $35,000. Institutional investors and hedge funds own 93.56% of the company’s stock.
Materion Company Profile
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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