Materion (NYSE:MTRN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Materion (NYSE:MTRN) from a hold rating to a buy rating in a report published on Saturday.

Several other equities research analysts also recently issued reports on the company. KeyCorp lifted their price objective on Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings upgraded Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $306.00.

Materion Stock Performance

NYSE:MTRN opened at $279.90 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.29. The firm has a 50-day moving average of $251.74 and a two-hundred day moving average of $195.93. The stock has a market cap of $5.83 billion, a P/E ratio of 65.24 and a beta of 1.07. Materion has a 1-year low of $104.63 and a 1-year high of $304.58.

Materion (NYSE:MTRN) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. Materion had a return on equity of 13.38% and a net margin of 4.29%.The business had revenue of $308.19 million for the quarter, compared to analyst estimates of $549.82 million. During the same period in the previous year, the company earned $1.37 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Materion will post 7.06 earnings per share for the current fiscal year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, August 20th. Materion’s dividend payout ratio (DPR) is 13.52%.

Institutional Trading of Materion

Several hedge funds and other institutional investors have recently bought and sold shares of MTRN. EverSource Wealth Advisors LLC grew its position in shares of Materion by 182.9% in the 2nd 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. Harbor Investment Advisory LLC bought a new position in Materion during the second quarter worth $32,000. Jones Financial Companies Lllp acquired a new position in Materion in the first quarter worth $34,000. Measured Wealth Private Client Group LLC acquired a new position in Materion in the third quarter worth $35,000. Finally, Kestra Advisory Services LLC bought a new stake in Materion during the fourth quarter valued at $40,000. 93.56% of the stock is owned by institutional investors.

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.