Materion (NYSE:MTRN) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Materion (NYSE:MTRN) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday. KeyCorp lifted their price target on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Weiss Ratings upgraded shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $306.00.

Materion Trading Up 4.0%

Shares of NYSE:MTRN opened at $289.40 on Thursday. The stock’s 50-day simple moving average is $250.58 and its two-hundred day simple moving average is $194.64. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 67.46 and a beta of 1.07. Materion has a 52-week low of $104.63 and a 52-week high of $304.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.32 and a current ratio of 2.94.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The firm had revenue of $308.19 million during the quarter, compared to analyst estimates of $549.82 million. During the same quarter in the prior year, the firm earned $1.37 EPS. The business’s revenue for the quarter was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Analysts expect that Materion will post 7.06 EPS for the current year.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 20th. Materion’s payout ratio is presently 13.52%.

Institutional Investors Weigh In On Materion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. lifted its position in shares of Materion by 2.2% during the second quarter. Contravisory Investment Management Inc. now owns 1,867 shares of the basic materials company’s stock worth $555,000 after purchasing an additional 40 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Materion by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 4,760 shares of the basic materials company’s stock worth $689,000 after purchasing an additional 63 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Materion by 22.3% in the first quarter. EverSource Wealth Advisors LLC now owns 395 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 72 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Materion by 4.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,266 shares of the basic materials company’s stock worth $282,000 after buying an additional 91 shares during the period. Finally, Wealthspire Advisors LLC increased its stake in Materion by 2.9% in the 4th quarter. Wealthspire Advisors LLC now owns 3,219 shares of the basic materials company’s stock worth $400,000 after buying an additional 92 shares during the period. 93.56% of the stock is owned by hedge funds and other 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.