KeyCorp Begins Coverage on Materion (NYSE:MTRN)

Equities researchers at KeyCorp started coverage on shares of Materion (NYSE:MTRN) in a report released on Wednesday. The brokerage set an “overweight” rating and a $170.00 price target on the basic materials company’s stock. KeyCorp’s price target would indicate a potential upside of 20.64% from the stock’s current price.

Several other research firms have also weighed in on MTRN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Materion has an average rating of “Hold” and a consensus price target of $170.00.

Materion Stock Down 4.9%

Shares of Materion stock opened at $140.92 on Wednesday. The stock’s 50-day moving average is $147.58 and its 200 day moving average is $131.96. Materion has a one year low of $69.10 and a one year high of $172.03. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 39.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.11 and a quick ratio of 1.29.

Materion (NYSE:MTRN) last issued its earnings results on Thursday, February 12th. The basic materials company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Materion had a return on equity of 12.36% and a net margin of 4.19%.The business had revenue of $489.75 million during the quarter, compared to the consensus estimate of $448.78 million. During the same period in the previous year, the company posted $1.55 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Equities research analysts anticipate that Materion will post 5.5 EPS for the current year.

Insider Transactions at Materion

In other news, VP Gregory R. Chemnitz sold 4,517 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total transaction of $710,614.44. Following the completion of the sale, the vice president owned 5,930 shares in the company, valued at $932,907.60. The trade was a 43.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Melissa A. Fashinpaur sold 309 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $160.00, for a total value of $49,440.00. Following the completion of the transaction, the chief accounting officer owned 310 shares in the company, valued at approximately $49,600. This represents a 49.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 49,549 shares of company stock valued at $7,548,444. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MTRN. Harvey Partners LLC acquired a new position in shares of Materion during the third quarter valued at about $38,418,000. State Street Corp raised its holdings in shares of Materion by 28.0% in the 2nd 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 during the last quarter. American Century Companies Inc. lifted its position in Materion by 222.3% in the 2nd quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company’s stock valued at $18,923,000 after acquiring an additional 164,433 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Materion by 155.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after purchasing an additional 116,091 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Materion by 187.4% during the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock valued at $20,199,000 after purchasing an additional 109,017 shares during the last quarter. 93.56% of the stock is owned by institutional investors.

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.