Seaport Res Ptn Comments on Materion Co.’s Q3 2024 Earnings (NYSE:MTRN)

Materion Co. (NYSE:MTRN) – Analysts at Seaport Res Ptn reduced their Q3 2024 earnings estimates for shares of Materion in a research note issued to investors on Tuesday, October 1st. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will earn $1.41 per share for the quarter, down from their prior estimate of $1.58. The consensus estimate for Materion’s current full-year earnings is $5.74 per share. Seaport Res Ptn also issued estimates for Materion’s Q4 2024 earnings at $1.51 EPS, FY2024 earnings at $5.30 EPS, Q2 2025 earnings at $1.54 EPS and Q3 2025 earnings at $1.66 EPS.

Separately, StockNews.com raised shares of Materion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

Materion Stock Performance

MTRN opened at $105.49 on Thursday. The business’s 50-day simple moving average is $110.56 and its 200 day simple moving average is $114.20. Materion has a 52-week low of $92.23 and a 52-week high of $145.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.25. The firm has a market capitalization of $2.19 billion, a PE ratio of 26.44 and a beta of 1.17.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $425.87 million for the quarter, compared to analyst estimates of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a $0.135 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.51%. Materion’s payout ratio is 13.53%.

Hedge Funds Weigh In On Materion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group lifted its position in Materion by 0.8% during the fourth quarter. Schroder Investment Management Group now owns 154,255 shares of the basic materials company’s stock worth $20,073,000 after acquiring an additional 1,251 shares during the last quarter. Trigran Investments Inc. lifted its holdings in Materion by 1.9% during the 4th quarter. Trigran Investments Inc. now owns 687,794 shares of the basic materials company’s stock worth $89,503,000 after purchasing an additional 12,500 shares during the last quarter. Aurora Investment Counsel boosted its stake in Materion by 1.2% in the 4th quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company’s stock valued at $846,000 after purchasing an additional 80 shares during the period. Vanguard Group Inc. grew its holdings in Materion by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 2,541,196 shares of the basic materials company’s stock valued at $330,686,000 after buying an additional 9,394 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in Materion during the 4th quarter worth $3,696,000. 93.56% of the stock is owned by institutional investors.

Materion Company Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.