Materion (NYSE:MTRN) Reaches New 12-Month High – Should You Buy?

Materion Corporation (NYSE:MTRN) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $287.18 and last traded at $277.0040, with a volume of 1602464 shares trading hands. The stock had previously closed at $287.02.

Wall Street Analyst Weigh In

MTRN has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a research report on Wednesday, May 13th. Robert W. Baird initiated coverage on shares of Materion in a research note on Wednesday, April 1st. They issued an “outperform” rating on the stock. KeyCorp raised their price target 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. Finally, Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $237.00.

Materion Stock Performance

The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 77.89 and a beta of 1.08. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. The stock’s 50-day simple moving average is $218.61 and its 200 day simple moving average is $169.85.

Materion (NYSE:MTRN) last posted its 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. Materion had a net margin of 3.99% and a return on equity of 12.45%. The company had revenue of $261.79 million during the quarter, compared to analysts’ expectations of $479.03 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. Materion’s quarterly revenue was up 30.8% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Analysts expect that Materion Corporation will post 6.47 earnings per share for the current fiscal year.

Materion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.145 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. This is a boost from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio (DPR) is presently 15.85%.

Institutional Investors Weigh In On Materion

A number of hedge funds have recently modified their holdings of MTRN. State Street Corp raised its position in Materion by 28.0% during the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock worth $103,098,000 after acquiring an additional 283,998 shares in the last quarter. Trigran Investments Inc. increased its position in Materion by 0.5% during the second quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock worth $63,397,000 after buying an additional 3,982 shares during the last quarter. Morgan Stanley raised its stake in Materion by 12.2% in the fourth quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock valued at $53,393,000 after buying an additional 46,613 shares during the period. American Century Companies Inc. lifted its position in shares of Materion by 53.2% in the third quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock valued at $44,121,000 after buying an additional 126,794 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Materion by 3.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 360,495 shares of the basic materials company’s stock worth $44,817,000 after acquiring an additional 10,995 shares during the period. 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.