Materion Corporation (NYSE:MTRN) Receives $237.00 Consensus PT from Brokerages

Materion Corporation (NYSE:MTRN) has earned an average rating of “Buy” from the four research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $306.00.

MTRN has been the subject of a number of analyst reports. KeyCorp boosted their target price on shares of Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday. Zacks Research upgraded shares of Materion from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Materion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Finally, Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research report on Saturday.

Materion Price Performance

MTRN opened at $279.90 on Tuesday. 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 company’s 50-day moving average price is $251.74 and its 200 day moving average price is $195.93. Materion has a fifty-two week low of $104.63 and a fifty-two week high of $304.58. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 65.24 and a beta of 1.07.

Materion (NYSE:MTRN) last posted its earnings results 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 return on equity of 13.38% and a net margin of 4.29%.The company had revenue of $308.19 million during the quarter, compared to analyst estimates of $549.82 million. During the same period in the prior year, the company earned $1.37 earnings per share. The business’s revenue was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, sell-side analysts expect that Materion will post 7.06 earnings per share for the current year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 20th. Materion’s dividend payout ratio is currently 13.52%.

Institutional Investors Weigh In On Materion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. raised its position in shares of Materion by 2.2% in the second quarter. Contravisory Investment Management Inc. now owns 1,867 shares of the basic materials company’s stock valued at $555,000 after purchasing an additional 40 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Materion by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 4,760 shares of the basic materials company’s stock worth $689,000 after buying an additional 63 shares during the period. EverSource Wealth Advisors LLC grew its stake in Materion by 22.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the basic materials company’s stock valued at $57,000 after buying an additional 72 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Materion by 4.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,266 shares of the basic materials company’s stock valued at $282,000 after buying an additional 91 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in Materion by 2.9% in the 4th quarter. Wealthspire Advisors LLC now owns 3,219 shares of the basic materials company’s stock worth $400,000 after acquiring an additional 92 shares during the period. Institutional investors 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.