Materion Corporation (NYSE:MTRN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Materion Corporation (NYSE:MTRN) have been assigned a consensus recommendation of “Moderate Buy” from the four research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $237.00.

A number of equities analysts have commented on the stock. Robert W. Baird assumed coverage on shares of Materion in a report on Wednesday, April 1st. They issued an “outperform” rating for the company. KeyCorp lifted their price objective on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Wall Street Zen downgraded shares of Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th.

Hedge Funds Weigh In On Materion

A number of hedge funds have recently added to or reduced their stakes in the business. Montag A & Associates Inc. raised 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 acquiring an additional 209 shares in the last quarter. Maseco LLP bought a new stake in Materion in the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC raised its position in Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Materion in the first quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Materion in the third quarter worth about $35,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Stock Up 0.1%

MTRN stock opened at $247.41 on Monday. Materion has a twelve month low of $76.09 and a twelve month high of $257.14. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $5.15 billion, a P/E ratio of 67.60 and a beta of 1.08. The firm has a 50 day simple moving average of $196.14 and a 200-day simple moving average of $159.44.

Materion (NYSE:MTRN) 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. The firm 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 firm’s revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, equities research analysts predict that Materion will post 6.48 earnings per share for the current fiscal year.

Materion Increases Dividend

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

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.