Materion (NYSE:MTRN) Hits New 1-Year High – Time to Buy?

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

Wall Street Analysts Forecast Growth

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

Materion Stock Up 2.5%

The firm’s 50-day moving average price is $170.20 and its 200 day moving average price is $147.46. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 58.87 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.04 and a quick ratio of 1.32.

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

Materion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 28th will be given a $0.145 dividend. This is a boost from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, May 28th. Materion’s dividend payout ratio (DPR) is currently 15.30%.

Insider Activity

In related news, CAO Melissa A. Fashinpaur sold 309 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $160.00, for a total transaction of $49,440.00. Following the sale, the chief accounting officer owned 310 shares in the company, valued at approximately $49,600. This trade represents a 49.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shelly Marie Chadwick sold 2,539 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $160.06, for a total transaction of $406,392.34. Following the sale, the chief financial officer owned 15,243 shares in the company, valued at approximately $2,439,794.58. This trade represents a 14.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,341 shares of company stock worth $2,478,110 over the last ninety days. 2.80% of the stock is currently owned by insiders.

Institutional Trading of Materion

Hedge funds have recently bought and sold shares of the company. Maseco LLP acquired a new stake in Materion during the fourth quarter worth approximately $27,000. Montag A & Associates Inc. boosted its position in Materion by 1,607.7% during the third quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 209 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Materion during the third quarter worth approximately $35,000. Kestra Advisory Services LLC acquired a new stake in Materion during the fourth quarter worth approximately $40,000. Finally, EverSource Wealth Advisors LLC boosted its position in Materion by 182.9% during the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 225 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

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.