Zacks Research Downgrades Materion (NYSE:MTRN) to Hold

Materion (NYSE:MTRN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

A number of other research firms have also recently issued reports on MTRN. Wall Street Zen upgraded Materion from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Jefferies Financial Group assumed coverage on shares of Materion in a research report on Wednesday, September 2nd. They set a “buy” rating and a $314.00 target price on the stock. Finally, KeyCorp increased their target price on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.00.

Materion Stock Down 2.2%

Shares of NYSE MTRN opened at $312.07 on Monday. The company has a 50 day simple moving average of $255.47 and a 200 day simple moving average of $227.43. The firm has a market cap of $6.50 billion, a PE ratio of 72.74 and a beta of 1.05. Materion has a 1 year low of $109.61 and a 1 year high of $324.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.29.

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

Insider Transactions at Materion

In other Materion news, Director Vinod M. Khilnani sold 2,000 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $235.16, for a total transaction of $470,320.00. Following the sale, the director owned 11,171 shares in the company, valued at $2,626,972.36. This represents a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shelly Chadwick sold 1,705 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $293.00, for a total value of $499,565.00. Following the sale, the chief financial officer owned 15,246 shares in the company, valued at approximately $4,467,078. This represents a 10.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 29,053 shares of company stock valued at $8,301,958. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

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

About Materion

Materion Corporation is an advanced materials company that develops, manufactures and supplies highly engineered materials and related products for demanding industrial applications. Its portfolio includes specialty alloys, beryllium and beryllium-based materials, precious-metal products, inorganic chemicals, thin-film materials and precision optical components.

The company’s products are used in semiconductor manufacturing, aerospace and defense, medical technology, telecommunications, automotive systems, consumer electronics and other high-technology markets.