Materion (NYSE:MTRN) Stock Price Down 9.4% – Here’s Why

Materion Corporation (NYSE:MTRN) dropped 9.4% during mid-day trading on Thursday. The company traded as low as $230.46 and last traded at $226.6160. Approximately 17,395 shares were traded during trading, a decline of 94% from the average daily volume of 282,198 shares. The stock had previously closed at $250.22.

Wall Street Analysts Forecast Growth

MTRN has been the subject of several research reports. Zacks Research cut shares of Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. KeyCorp boosted 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. Jefferies Financial Group initiated coverage on Materion in a report on Wednesday, September 2nd. They set a “buy” rating and a $314.00 price target on the stock. Finally, Weiss Ratings upgraded Materion from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $310.00.

Materion Stock Performance

The business has a 50-day simple moving average of $257.75 and a 200 day simple moving average of $236.71. 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 firm has a market cap of $4.57 billion, a PE ratio of 51.12 and a beta of 1.05.

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

Materion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, August 20th were issued a dividend of $0.1450 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.58 annualized dividend and a yield of 0.3%. Materion’s payout ratio is currently 13.52%.

Insider Activity

In other news, CEO Jugal Vijayvargiya sold 24,336 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $291.62, for a total value of $7,096,864.32. Following the completion of the sale, the chief executive officer directly owned 116,699 shares of the company’s stock, valued at $34,031,762.38. This represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Shelly Chadwick sold 1,705 shares of the firm’s stock in a transaction 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 sale, the chief financial officer owned 15,246 shares in the company, valued at $4,467,078. The trade was a 10.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 29,053 shares of company stock valued at $8,301,958. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Materion

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

Materion Company Profile

Materion Corporation is an advanced materials company that develops, manufactures and supplies engineered materials for demanding applications. Its product portfolio includes beryllium and beryllium-aluminum alloys, specialty metals, precious-metal and clad materials, thin-film coating materials, optical filters and other precision components.

The company’s materials and products are used in aerospace and defense, semiconductor manufacturing, communications, medical technology, energy, automotive and other industrial markets.