Shares of Materion Corporation (NYSE:MTRN – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $221.06, but opened at $227.83. Materion shares last traded at $224.0350, with a volume of 7,093 shares.
Wall Street Analyst Weigh In
MTRN has been the topic of a number of recent research reports. Wall Street Zen raised Materion from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised Materion from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 14th. KeyCorp lifted their target price on shares of Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Jefferies Financial Group began coverage on Materion in a report on Wednesday, September 2nd. They issued a “buy” rating and a $314.00 target price on the stock. Finally, Zacks Research cut Materion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $310.00.
Read Our Latest Research Report on Materion
Materion Trading Up 4.9%
The stock’s fifty day simple moving average is $255.23 and its 200 day simple moving average is $237.72. The firm has a market capitalization of $4.83 billion, a PE ratio of 54.04 and a beta of 1.05. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44.
Materion (NYSE:MTRN – Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.38. Materion had a return on equity of 13.38% and a net margin of 4.29%. The company had revenue of $308.19 million for the quarter, compared to the consensus estimate of $549.82 million. During the same period in the previous year, the business earned $1.37 earnings per share. Materion’s quarterly revenue was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. On average, sell-side analysts predict that Materion Corporation will post 7.04 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Emily Liggett sold 1,012 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $232.42, for a total value of $235,209.04. Following the completion of the transaction, the director owned 3,161 shares of the company’s stock, valued at $734,679.62. This represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Shelly Chadwick sold 1,705 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $293.00, for a total transaction of $499,565.00. Following the transaction, the chief financial officer owned 15,246 shares of the company’s stock, valued at approximately $4,467,078. This represents a 10.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 29,053 shares of company stock valued at $8,301,958 over the last three months. Insiders own 2.80% of the company’s stock.
Institutional Investors Weigh In On Materion
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Materion in the second quarter worth approximately $1,032,985,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Materion in the 2nd quarter worth $132,656,000. Congress Asset Management Co. purchased a new stake in shares of Materion during the 3rd quarter worth $51,835,000. Bank of America Corp DE purchased a new stake in shares of Materion during the 2nd quarter worth $51,481,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Materion during the 2nd quarter worth $49,060,000. 93.56% of the stock is owned by institutional investors.
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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