Materion Corporation (NYSE:MTRN) Given Average Recommendation of “Moderate Buy” by Brokerages

Materion Corporation (NYSE:MTRN) has earned a consensus recommendation of “Moderate Buy” from the four brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $237.00.

MTRN has been the topic of several research reports. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Weiss Ratings restated a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Robert W. Baird assumed coverage on shares of Materion in a report on Wednesday, April 1st. They issued an “outperform” rating on the stock. Finally, KeyCorp lifted their price objective on shares of Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd.

Institutional Trading of Materion

A number of hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC acquired a new stake in shares of Materion during the third quarter worth approximately $2,960,000. Harvey Partners LLC acquired a new stake in shares of Materion during the third quarter worth approximately $38,418,000. Royce & Associates LP acquired a new stake in shares of Materion during the third quarter worth approximately $11,779,000. JPMorgan Chase & Co. grew its position in shares of Materion by 155.8% during the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after buying an additional 116,091 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Materion by 18.8% during the fourth quarter. UBS Group AG now owns 60,378 shares of the basic materials company’s stock worth $7,506,000 after buying an additional 9,576 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Materion Trading Up 0.1%

NYSE MTRN opened at $247.41 on Monday. Materion has a one year low of $76.09 and a one year high of $257.14. The company’s 50 day moving average price is $196.14 and its 200 day moving average price is $159.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 67.60 and a beta of 1.08.

Materion (NYSE:MTRN) last posted 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. Materion had a net margin of 3.99% and a return on equity of 12.45%. The firm had revenue of $261.79 million for the quarter, compared to analyst estimates of $479.03 million. During the same quarter last year, the firm posted $1.13 earnings per share. Materion’s revenue for the quarter was up 30.8% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, sell-side analysts predict that Materion will post 6.48 EPS for the current year.

Materion Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.145 per share. 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 was Thursday, May 28th. Materion’s payout ratio is 15.85%.

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.