MidFirst Bank Makes New Investment in Materion Corporation $MTRN

MidFirst Bank bought a new stake in Materion Corporation (NYSE:MTRN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,320 shares of the basic materials company’s stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MTRN. Montag A & Associates Inc. lifted its holdings in shares of Materion by 1,607.7% in the 3rd quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 209 shares during the last quarter. Maseco LLP bought a new position in Materion during the 4th quarter worth $27,000. EverSource Wealth Advisors LLC increased its position in Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock worth $28,000 after buying an additional 225 shares during the period. Jones Financial Companies Lllp acquired a new stake in Materion in the first quarter worth $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Materion in the third quarter valued at $35,000. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Stock Performance

Shares of MTRN opened at $276.05 on Friday. The firm has a market capitalization of $5.74 billion, a PE ratio of 75.42 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 firm has a 50-day moving average price of $207.46 and a 200 day moving average price of $164.20. Materion Corporation has a 52-week low of $76.09 and a 52-week high of $276.42.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping 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 was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, sell-side analysts anticipate that Materion Corporation will post 6.48 earnings per share for the current fiscal year.

Materion Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors 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 is a positive change from Materion’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a yield of 0.2%. Materion’s dividend payout ratio is presently 15.85%.

Wall Street Analyst Weigh In

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

Materion 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.