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

Materion Corporation (NYSE:MTRN)’s share price reached a new 52-week high on Monday . The stock traded as high as $282.99 and last traded at $275.2970, with a volume of 1485 shares traded. The stock had previously closed at $274.98.

Wall Street Analysts Forecast Growth

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

Materion Stock Performance

The company has a market capitalization of $5.55 billion, a PE ratio of 72.85 and a beta of 1.08. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average is $211.82 and its two-hundred day moving average is $166.59.

Materion (NYSE:MTRN) last issued its 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. The business had revenue of $261.79 million for the quarter, compared to the consensus estimate of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.The company’s revenue was up 30.8% compared to the same quarter last year. During the same period last year, the business posted $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities research analysts predict that Materion Corporation will post 6.48 earnings per share for the current year.

Materion Increases Dividend

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

Institutional Investors Weigh In On Materion

Large investors have recently bought and sold shares of the business. Harvey Partners LLC bought a new position in Materion during the 3rd quarter valued at about $38,418,000. State Street Corp grew its stake in shares of Materion by 28.0% in 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 during the period. American Century Companies Inc. grew its stake 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 worth $44,121,000 after acquiring an additional 126,794 shares during the period. JPMorgan Chase & Co. raised its holdings 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 valued at $23,030,000 after purchasing an additional 116,091 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Materion by 187.4% during the third 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 currently 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.