Materion (NYSE:MTRN) Reaches New 12-Month High – Here’s What Happened

Shares of Materion Corporation (NYSE:MTRN) reached a new 52-week high during 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.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. KeyCorp upped their target price 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 report on Sunday, March 15th. Robert W. Baird initiated coverage on shares of Materion in a research report on Wednesday, April 1st. They set an “outperform” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Materion presently has an average rating of “Moderate Buy” and a consensus target price of $237.00.

Materion Stock Performance

The company has a market cap of $6.20 billion, a P/E ratio of 81.50 and a beta of 1.08. The company’s fifty day moving average is $223.40 and its 200 day moving average is $172.22. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, topping 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 business had revenue of $261.79 million during the quarter, compared to the consensus estimate of $479.03 million. During the same period in the previous year, the firm posted $1.13 earnings per share. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities analysts predict that Materion Corporation will post 6.47 earnings per share for the current fiscal year.

Materion Increases Dividend

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

Institutional Trading of Materion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Montag A & Associates Inc. grew its holdings in shares of Materion by 1,607.7% in the third 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 stake in Materion during the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC raised its holdings in Materion by 182.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock valued at $28,000 after buying an additional 225 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Materion during the 1st quarter valued at $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Materion during the 3rd quarter valued at $35,000. 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.