Materion Corporation (NYSE:MTRN) Given Average Rating of “Moderate Buy” by Analysts

Materion Corporation (NYSE:MTRN) has been assigned a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $237.00.

Several brokerages have issued reports on MTRN. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Robert W. Baird began coverage on shares of Materion in a research note on Wednesday, April 1st. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a research note on Wednesday, May 13th. Finally, KeyCorp lifted their target price on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd.

Materion Price Performance

Shares of NYSE MTRN opened at $276.05 on Monday. The firm has a market cap of $5.74 billion, a PE ratio of 75.42 and a beta of 1.08. The firm has a fifty day moving average of $207.46 and a 200 day moving average of $164.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. Materion has a one year low of $76.09 and a one year high of $276.42.

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

Materion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, May 28th. This is a positive change from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio is presently 15.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MTRN. Harvey Partners LLC acquired a new position in shares of Materion during the 3rd quarter valued at about $38,418,000. State Street Corp boosted its position in shares of Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after acquiring an additional 283,998 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Materion by 53.2% during the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock valued at $44,121,000 after acquiring an additional 126,794 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Materion by 155.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after acquiring an additional 116,091 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Materion by 187.4% during the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock valued at $20,199,000 after acquiring an additional 109,017 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

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.