Materion Corporation (NYSE:MTRN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Materion Corporation (NYSE:MTRN) has received an average rating of “Moderate Buy” from the four ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $237.00.

Several equities research analysts recently weighed in on MTRN shares. Weiss Ratings restated a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. KeyCorp increased their target price on Materion from $223.00 to $237.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Finally, Robert W. Baird started coverage on Materion in a report on Wednesday, April 1st. They set an “outperform” rating for the company.

Materion Price Performance

MTRN opened at $276.05 on Monday. The stock has a 50-day moving average price of $207.46 and a 200-day moving average price of $164.20. Materion has a 12-month low of $76.09 and a 12-month high of $276.42. The company has a current ratio of 3.04, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $5.74 billion, a P/E ratio of 75.42 and a beta of 1.08.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $261.79 million during the quarter, compared to analysts’ expectations of $479.03 million. Materion had a return on equity of 12.45% and a net margin of 3.99%.The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. Equities analysts predict that Materion will post 6.48 earnings per share for the current fiscal year.

Materion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 28th were issued a dividend of $0.145 per share. The ex-dividend date was Thursday, May 28th. This represents a $0.58 annualized dividend and a yield of 0.2%. This is a boost from Materion’s previous quarterly dividend of $0.14. Materion’s dividend payout ratio (DPR) is currently 15.85%.

Institutional Investors Weigh In On Materion

Several institutional investors have recently bought and sold shares of MTRN. Harvey Partners LLC purchased a new stake in Materion during the 3rd quarter valued at about $38,418,000. State Street Corp raised its position in Materion by 28.0% during 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 during the last quarter. American Century Companies Inc. raised its position in Materion by 53.2% during the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock valued at $44,121,000 after purchasing an additional 126,794 shares during the last quarter. JPMorgan Chase & Co. raised its position in Materion by 155.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock valued at $23,030,000 after purchasing an additional 116,091 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in Materion by 187.4% during the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock valued at $20,199,000 after purchasing an additional 109,017 shares during the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

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.