Materion Corporation (NYSE:MTRN – Get Free Report) has been given a consensus rating of “Buy” by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $310.00.
A number of equities research analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Materion in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $314.00 price objective for the company. Weiss Ratings cut Materion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Wall Street Zen raised Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. KeyCorp raised their price target on Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Zacks Research upgraded Materion from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th.
Get Our Latest Report on Materion
Materion Stock Performance
Materion (NYSE:MTRN – Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The company had revenue of $308.19 million during the quarter, compared to analysts’ expectations of $549.82 million. During the same quarter last year, the business earned $1.37 EPS. The business’s revenue was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. On average, sell-side analysts predict that Materion will post 7.04 earnings per share for the current year.
Materion Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, August 20th were given a $0.1450 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.58 annualized dividend and a yield of 0.2%. Materion’s dividend payout ratio is presently 13.52%.
Insiders Place Their Bets
In other Materion news, Director Emily Liggett sold 1,012 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $232.42, for a total transaction of $235,209.04. Following the sale, the director directly owned 3,161 shares in the company, valued at approximately $734,679.62. The trade was a 24.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vinod Khilnani sold 2,000 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $235.16, for a total transaction of $470,320.00. Following the sale, the director owned 11,171 shares in the company, valued at $2,626,972.36. The trade was a 15.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,053 shares of company stock worth $8,301,958 in the last ninety days. 2.80% of the stock is owned by insiders.
Institutional Trading of Materion
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Materion during the 2nd quarter valued at approximately $1,032,985,000. Bank of America Corp DE boosted its stake in shares of 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 worth $17,151,000 after acquiring an additional 9,441 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Materion by 25.0% in 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 acquiring an additional 4,926 shares during the period. King Luther Capital Management Corp grew its holdings in shares of Materion by 95.1% in the 4th quarter. King Luther Capital Management Corp now owns 74,075 shares of the basic materials company’s stock worth $9,209,000 after acquiring an additional 36,112 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in Materion in the 2nd quarter valued at approximately $17,982,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.
About Materion
Materion Corporation is an advanced materials company that develops, manufactures and supplies engineered materials for demanding industrial and technology applications. Its portfolio includes specialty metals and alloys, thin-film deposition materials, precious and non-precious metal products, beryllium-based materials, specialty chemicals and precision optics.
The company’s products are used in semiconductor manufacturing, aerospace and defense, medical technology, telecommunications, automotive systems, energy and other industrial markets.
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