Materion (NYSE:MTRN) Sets New 1-Year High – Here’s Why

by · The Markets Daily

Materion Corporation (NYSE:MTRNGet Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $234.05 and last traded at $229.9330, with a volume of 95030 shares traded. The stock had previously closed at $225.52.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MTRN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Robert W. Baird began coverage on shares of Materion in a research report on Wednesday, April 1st. They set an “outperform” rating on the stock. KeyCorp lifted their target price on shares of Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $237.00.

Check Out Our Latest Report on MTRN

Materion Stock Performance

The business’s fifty day moving average is $188.55 and its 200-day moving average is $156.00. The company has a quick ratio of 1.32, a current ratio of 3.04 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.83 billion, a PE ratio of 63.18 and a beta of 1.08.

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

Materion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 28th will be given a dividend of $0.145 per share. 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. The ex-dividend date is Thursday, May 28th. Materion’s dividend payout ratio (DPR) is presently 15.85%.

Institutional Trading of Materion

A number of hedge funds and other institutional investors have recently bought and sold shares of MTRN. AQR Capital Management LLC bought a new position in shares of Materion during the 1st quarter valued at approximately $201,000. Millennium Management LLC raised its stake in Materion by 54.1% during the 1st quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock worth $7,280,000 after acquiring an additional 31,305 shares during the period. Jones Financial Companies Lllp bought a new stake in Materion during the 1st quarter worth approximately $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Materion by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company’s stock valued at $4,410,000 after purchasing an additional 5,894 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Materion by 44.9% in the first quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock worth $2,882,000 after purchasing an additional 10,940 shares during the period. Hedge funds and other institutional investors own 93.56% of the company’s stock.

About Materion

(Get Free Report)

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.

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