Materion (NYSE:MTRN) Hits New 1-Year High – Here’s Why

Materion Corporation (NYSE:MTRN)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $217.15 and last traded at $216.43, with a volume of 114332 shares trading hands. The stock had previously closed at $210.12.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MTRN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a research report on Wednesday, May 13th. Robert W. Baird started coverage on Materion in a research report on Wednesday, April 1st. They issued an “outperform” rating on the stock. KeyCorp increased their price target on Materion from $185.00 to $223.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $223.00.

Materion Trading Up 3.0%

The business has a 50 day simple moving average of $168.75 and a 200-day simple moving average of $146.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. The stock has a market capitalization of $4.50 billion, a P/E ratio of 59.13 and a beta of 1.03.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $261.79 million during the quarter, compared to analyst estimates of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period last year, the company posted $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, analysts predict that Materion Corporation will post 6.48 EPS for the current year.

Materion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 28th. This is an increase from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio is 15.85%.

Insider Transactions at Materion

In other news, VP Gregory R. Chemnitz sold 4,517 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total transaction of $710,614.44. Following the completion of the sale, the vice president directly owned 5,930 shares of the company’s stock, valued at $932,907.60. This trade represents a 43.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Shelly Marie Chadwick sold 2,539 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $160.06, for a total value of $406,392.34. Following the sale, the chief financial officer directly owned 15,243 shares of the company’s stock, valued at approximately $2,439,794.58. This represents a 14.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,341 shares of company stock valued at $2,478,110 in the last three months. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Materion

Large investors have recently modified their holdings of the stock. First Eagle Investment Management LLC bought a new stake in shares of Materion during the 3rd quarter worth $2,960,000. Harvey Partners LLC purchased a new stake in shares of Materion in the third quarter valued at $38,418,000. JPMorgan Chase & Co. lifted its holdings in shares of Materion by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after purchasing an additional 116,091 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Materion in the third quarter valued at $1,946,000. Finally, Royce & Associates LP purchased a new stake in shares of Materion in the third quarter valued at $11,779,000. 93.56% of the stock is owned by 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.