Materion (NYSE:MTRN) Cut to Hold at Zacks Research

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

Several other research analysts have also commented on the stock. Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 29th. Jefferies Financial Group started coverage on shares of Materion in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $314.00 price objective for the company. Finally, KeyCorp raised their target price on shares of Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.00.

Materion Stock Performance

Shares of NYSE:MTRN opened at $290.57 on Monday. The firm has a market capitalization of $6.05 billion, a PE ratio of 67.73 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.29. The business has a 50-day moving average of $257.51 and a two-hundred day moving average of $228.52. Materion has a 12 month low of $109.61 and a 12 month high of $324.98.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. Materion had a return on equity of 13.38% and a net margin of 4.29%.The company had revenue of $308.19 million for the quarter, compared to the consensus estimate of $549.82 million. During the same period last year, the business posted $1.37 EPS. The company’s quarterly revenue was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, research analysts forecast that Materion will post 7.04 earnings per share for the current year.

Materion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Thursday, August 20th were issued a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 20th. Materion’s dividend payout ratio (DPR) is presently 13.52%.

Insider Buying and Selling

In other Materion news, Director Emily M. Liggett sold 1,012 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $232.42, for a total value of $235,209.04. Following the completion of the sale, the director owned 3,161 shares of the company’s stock, valued at $734,679.62. This trade represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shelly Chadwick sold 1,705 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $293.00, for a total transaction of $499,565.00. Following the completion of the sale, the chief financial officer directly owned 15,246 shares of the company’s stock, valued at $4,467,078. This trade represents a 10.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 29,053 shares of company stock valued at $8,301,958. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Materion during the 2nd quarter valued at $1,032,985,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Materion during the 2nd quarter worth $132,656,000. Congress Asset Management Co. acquired a new position in Materion in the 3rd quarter worth $51,835,000. Bank of America Corp DE purchased a new position in Materion in the 2nd quarter valued at about $51,481,000. Finally, Bank of New York Mellon Corp purchased a new position in Materion in the 2nd quarter valued at about $49,060,000. 93.56% of the stock is owned by institutional investors and hedge funds.

About Materion

Materion Corporation is an advanced materials company that develops, manufactures and supplies highly engineered materials and related products for demanding industrial applications. Its portfolio includes specialty alloys, beryllium and beryllium-based materials, precious-metal products, inorganic chemicals, thin-film materials and precision optical components.

The company’s products are used in semiconductor manufacturing, aerospace and defense, medical technology, telecommunications, automotive systems, consumer electronics and other high-technology markets.