Materion (NYSE:MTRN) Shares Gap Down – Here’s What Happened

Materion Corporation (NYSE:MTRN) shares gapped down before the market opened on Friday. The stock had previously closed at $250.22, but opened at $217.71. Materion shares last traded at $219.91, with a volume of 8,994 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MTRN shares. Wall Street Zen raised Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research downgraded Materion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Jefferies Financial Group assumed coverage on shares of Materion in a research note on Wednesday, September 2nd. They set a “buy” rating and a $314.00 target price on the stock. Weiss Ratings upgraded shares of Materion from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Finally, KeyCorp increased their price objective on shares of Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.00.

Materion Trading Up 1.7%

The company has a 50-day moving average price of $256.46 and a 200-day moving average price of $237.21. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 51.96 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.29 and a current ratio of 2.94.

Materion (NYSE:MTRN) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share for the quarter, topping 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 business had revenue of $308.19 million for the quarter, compared to analyst estimates of $549.82 million. During the same quarter last year, the company earned $1.37 EPS. The business’s quarterly revenue was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, research analysts forecast that Materion Corporation will post 7.04 EPS for the current fiscal year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, August 20th were issued a dividend of $0.1450 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.58 dividend on an annualized basis and a yield of 0.3%. Materion’s dividend payout ratio (DPR) is presently 13.52%.

Insider Activity at Materion

In other news, Director Vinod Khilnani sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $235.16, for a total transaction of $470,320.00. Following the completion of the sale, the director owned 11,171 shares in the company, valued at approximately $2,626,972.36. The trade was a 15.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emily Liggett sold 1,012 shares of the company’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 completion of the transaction, the director owned 3,161 shares of the company’s stock, valued at approximately $734,679.62. The trade was a 24.25% decrease in their position. 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. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Materion

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Materion in the second quarter valued at approximately $1,032,985,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Materion during the second quarter worth approximately $1,338,000. Bank of America Corp DE increased its holdings in shares of Materion by 8.7% in the 1st quarter. Bank of America Corp DE now owns 118,569 shares of the basic materials company’s stock valued at $17,151,000 after acquiring an additional 9,441 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Materion in the 2nd quarter valued at $17,982,000. Finally, California State Teachers Retirement System raised its position in 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 valued at $3,560,000 after purchasing an additional 4,926 shares during the last quarter. 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 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.