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 research report sent to investors on Saturday morning.

MTRN has been the topic of a number of other reports. KeyCorp boosted their price target on Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $170.00.

Materion Stock Up 0.9%

Shares of Materion stock opened at $145.44 on Friday. Materion has a 1 year low of $69.10 and a 1 year high of $172.03. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 40.51 and a beta of 0.84. The company has a 50-day moving average of $145.97 and a 200 day moving average of $129.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.11 and a quick ratio of 1.29.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. Materion had a net margin of 4.19% and a return on equity of 12.36%. The business had revenue of $489.75 million for the quarter, compared to analyst estimates of $448.78 million. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Materion’s quarterly revenue was up 12.1% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, sell-side analysts anticipate that Materion will post 5.5 earnings per share for the current fiscal year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Thursday, February 19th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. Materion’s dividend payout ratio (DPR) is 15.60%.

Insider Buying and Selling

In related news, CEO Jugal K. Vijayvargiya sold 12,963 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $148.56, for a total value of $1,925,783.28. Following the transaction, the chief executive officer directly owned 130,253 shares of the company’s stock, valued at approximately $19,350,385.68. This represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Melissa A. Fashinpaur sold 309 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $160.00, for a total value of $49,440.00. Following the sale, the chief accounting officer owned 310 shares in the company, valued at approximately $49,600. This represents a 49.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,549 shares of company stock worth $7,548,444 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Materion

Several institutional investors have recently modified their holdings of MTRN. AQR Capital Management LLC bought a new stake in Materion in the 1st quarter worth about $201,000. Millennium Management LLC raised its position in Materion by 54.1% in the 1st quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock worth $7,280,000 after buying an additional 31,305 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Materion during the 1st quarter valued at about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Materion by 12.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company’s stock valued at $4,410,000 after acquiring an additional 5,894 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Materion by 44.9% during the 1st quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock valued at $2,882,000 after acquiring an additional 10,940 shares during the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

Materion Company Profile

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.