Materion (NYSE:MTRN) Shares Down 9.4% – Time to Sell?

Materion Corporation (NYSE:MTRN) fell 9.4% during trading on Thursday. The stock traded as low as $230.46 and last traded at $226.6160. 17,395 shares were traded during trading, a decline of 94% from the average daily volume of 282,198 shares. The stock had previously closed at $250.22.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group started coverage on shares of Materion in a report on Wednesday, September 2nd. They set a “buy” rating and a $314.00 target price for the company. Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. KeyCorp boosted 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. Zacks Research lowered Materion from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded Materion from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Materion presently has an average rating of “Moderate Buy” and a consensus target price of $310.00.

Materion Price Performance

The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4.61 billion, a PE ratio of 51.55 and a beta of 1.05. The firm’s fifty day simple moving average is $255.23 and its two-hundred day simple moving average is $237.10.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The firm had revenue of $308.19 million for the quarter, compared to the consensus estimate of $549.82 million. During the same period last year, the firm earned $1.37 EPS. The company’s 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 expect that Materion Corporation will post 7.04 EPS for the current year.

Materion Dividend Announcement

The firm also recently declared 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 currently 13.52%.

Insiders Place Their Bets

In related news, CFO Shelly Chadwick sold 1,705 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $293.00, for a total transaction of $499,565.00. Following the completion of the sale, the chief financial officer owned 15,246 shares in the company, valued at approximately $4,467,078. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Emily M. Liggett sold 1,012 shares of Materion stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $232.42, for a total value of $235,209.04. Following the sale, the director directly owned 3,161 shares in the company, valued at $734,679.62. This trade represents a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,053 shares of company stock valued at $8,301,958 over the last three months. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Materion

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Materion in the second quarter worth $1,032,985,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Materion in the 2nd quarter worth $132,656,000. Congress Asset Management Co. bought a new position in shares of Materion during the 3rd quarter valued at about $51,835,000. Bank of America Corp DE bought a new position in shares of Materion during the 2nd quarter valued at about $51,481,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Materion during the 2nd quarter valued at about $49,060,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

Materion Company Profile

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.