Materion (NYSE:MTRN) VP Gregory Chemnitz Sells 4,000 Shares of Stock

Materion Corporation (NYSE:MTRN) VP Gregory Chemnitz sold 4,000 shares of Materion stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $157.09, for a total transaction of $628,360.00. Following the sale, the vice president directly owned 8,572 shares in the company, valued at approximately $1,346,575.48. The trade was a 31.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Materion Trading Down 2.2%

MTRN stock traded down $3.29 during midday trading on Friday, hitting $147.56. 35,348 shares of the company’s stock were exchanged, compared to its average volume of 181,443. Materion Corporation has a 1-year low of $69.10 and a 1-year high of $172.03. The business has a 50-day simple moving average of $139.17 and a two-hundred day simple moving average of $125.45. The stock has a market capitalization of $3.06 billion, a PE ratio of 41.23 and a beta of 0.87. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48.

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

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, February 19th. Materion’s dividend payout ratio (DPR) is currently 15.60%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Materion

Several institutional investors have recently modified their holdings of the company. State Street Corp increased its holdings in Materion by 28.0% in the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after buying an additional 283,998 shares during the last quarter. Trigran Investments Inc. increased its holdings in shares of Materion by 0.5% in the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock valued at $63,397,000 after acquiring an additional 3,982 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Materion by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 487,186 shares of the basic materials company’s stock worth $38,673,000 after acquiring an additional 10,468 shares in the last quarter. Morgan Stanley lifted its stake in Materion by 12.2% during the fourth quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock worth $53,393,000 after purchasing an additional 46,613 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Materion by 53.2% in the third 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 in the last quarter. 93.56% of the stock is 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.