Insider Selling: Materion (NYSE:MTRN) CFO Sells 8,976 Shares of Stock

Materion Corporation (NYSE:MTRN) CFO Shelly Marie Chadwick sold 8,976 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $146.13, for a total value of $1,311,662.88. Following the completion of the sale, the chief financial officer directly owned 16,139 shares of the company’s stock, valued at approximately $2,358,392.07. This trade represents a 35.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Materion Price Performance

Materion stock traded up $5.84 during mid-day trading on Wednesday, reaching $160.91. The company had a trading volume of 207,693 shares, compared to its average volume of 187,380. The stock’s 50-day simple moving average is $140.58 and its 200-day simple moving average is $126.59. Materion Corporation has a 1 year low of $69.10 and a 1 year high of $172.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.11 and a quick ratio of 1.29. The company has a market capitalization of $3.34 billion, a P/E ratio of 44.93 and a beta of 0.87.

Materion (NYSE:MTRN) last posted its earnings results on Thursday, February 12th. The basic materials company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. Materion had a return on equity of 12.36% and a net margin of 4.19%.The company had revenue of $489.75 million for the quarter, compared to analyst estimates of $448.78 million. During the same quarter in the prior year, the company earned $1.55 earnings per share. Materion’s revenue was up 12.1% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. On average, equities analysts predict that Materion Corporation will post 5.5 EPS for the current year.

Materion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, February 19th. Materion’s dividend payout ratio (DPR) is currently 15.60%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. KeyCorp lifted their target price on Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.00.

Institutional Investors Weigh In On Materion

A number of large investors have recently modified their holdings of the stock. Harvey Partners LLC bought a new position in Materion during the 3rd quarter valued at $38,418,000. State Street Corp raised its stake in shares of Materion by 28.0% in the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after purchasing an additional 283,998 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Materion by 222.3% during the second quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company’s stock worth $18,923,000 after purchasing an additional 164,433 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Materion by 155.8% in the third quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after purchasing an additional 116,091 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Materion by 187.4% in the third quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock worth $20,199,000 after purchasing an additional 109,017 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

About Materion

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.