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

Shares of Materion Corporation (NYSE:MTRN) hit a new 52-week high during trading on Tuesday . The stock traded as high as $234.05 and last traded at $229.9330, with a volume of 95030 shares trading hands. The stock had previously closed at $225.52.

Analysts Set New Price Targets

Several research analysts recently weighed in on MTRN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. KeyCorp raised their price target on Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, Robert W. Baird started coverage on Materion in a research report on Wednesday, April 1st. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $237.00.

Materion Trading Up 2.9%

The stock has a market cap of $4.83 billion, a P/E ratio of 63.18 and a beta of 1.08. The stock’s 50-day moving average is $188.55 and its two-hundred day moving average is $156.00. 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 announced 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 company had revenue of $261.79 million for the quarter, compared to the consensus estimate of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. Materion’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities research analysts anticipate that Materion Corporation will post 6.48 EPS for the current year.

Materion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 28th will be given a $0.145 dividend. This is an increase from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, May 28th. Materion’s dividend payout ratio (DPR) is presently 15.85%.

Hedge Funds Weigh In On Materion

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Materion by 8.7% in the 1st quarter. Bank of America Corp DE now owns 118,569 shares of the basic materials company’s stock worth $17,151,000 after acquiring an additional 9,441 shares during the last quarter. Amundi boosted its position in shares of Materion by 33.6% during the 1st quarter. Amundi now owns 3,825 shares of the basic materials company’s stock valued at $553,000 after acquiring an additional 962 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Materion by 22.3% in the first quarter. EverSource Wealth Advisors LLC now owns 395 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 72 shares in the last quarter. California State Teachers Retirement System increased its position in Materion by 25.0% in the first quarter. California State Teachers Retirement System now owns 24,612 shares of the basic materials company’s stock worth $3,560,000 after purchasing an additional 4,926 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Materion by 23.0% in the first quarter. Quantinno Capital Management LP now owns 5,919 shares of the basic materials company’s stock worth $856,000 after purchasing an additional 1,106 shares during the last quarter. Hedge funds and other institutional investors 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.