FY2024 EPS Estimates for Materion Reduced by Seaport Res Ptn

Materion Co. (NYSE:MTRN) – Equities researchers at Seaport Res Ptn lowered their FY2024 earnings estimates for Materion in a research note issued to investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will earn $5.22 per share for the year, down from their previous forecast of $5.28. The consensus estimate for Materion’s current full-year earnings is $5.25 per share. Seaport Res Ptn also issued estimates for Materion’s Q4 2024 earnings at $1.43 EPS, Q1 2025 earnings at $1.25 EPS, Q2 2025 earnings at $1.42 EPS, Q3 2025 earnings at $1.51 EPS, Q4 2025 earnings at $1.64 EPS, FY2025 earnings at $5.82 EPS and FY2026 earnings at $7.05 EPS.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. The firm had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS.

Materion Price Performance

Materion stock opened at $101.49 on Thursday. The business’s 50-day simple moving average is $106.12 and its 200 day simple moving average is $108.79. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 28.59 and a beta of 1.24. Materion has a 12-month low of $93.20 and a 12-month high of $145.08.

Institutional Trading of Materion

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in Materion by 0.3% during the third quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock worth $3,991,000 after acquiring an additional 91 shares in the last quarter. Dakota Wealth Management raised its position in shares of Materion by 1.5% during the fourth quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock worth $1,079,000 after purchasing an additional 165 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 197 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Materion by 5.3% during the 4th quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 204 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Materion by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 4,831 shares of the basic materials company’s stock valued at $524,000 after purchasing an additional 281 shares during the period. 93.56% of the stock is owned by institutional investors.

Insider Buying and Selling at Materion

In related news, CFO Shelly Marie Chadwick sold 1,000 shares of Materion stock in a transaction on Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the sale, the chief financial officer now directly owns 13,200 shares of the company’s stock, valued at $1,530,144. The trade was a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the transaction, the vice president now directly owns 12,031 shares in the company, valued at $1,414,484.67. The trade was a 14.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

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.