Materion (NYSE:MTRN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Materion (NYSE:MTRN) from a hold rating to a buy rating in a research note published on Saturday.

A number of other analysts also recently weighed in on the company. KeyCorp increased their price target on Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings raised shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Materion presently has a consensus rating of “Buy” and an average price target of $306.00.

Materion Stock Performance

NYSE:MTRN opened at $289.40 on Friday. The company has a market capitalization of $6.02 billion, a PE ratio of 67.46 and a beta of 1.07. The company has a 50 day simple moving average of $250.58 and a two-hundred day simple moving average of $194.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.32 and a current ratio of 2.94. Materion has a fifty-two week low of $104.63 and a fifty-two week high of $304.58.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The firm had revenue of $308.19 million for the quarter, compared to the consensus estimate of $549.82 million. During the same quarter in the previous year, the company earned $1.37 EPS. The company’s revenue for the quarter was up 42.2% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Research analysts anticipate that Materion will post 7.06 earnings per share for the current year.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, August 20th. Materion’s payout ratio is 13.52%.

Institutional Investors Weigh In On Materion

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Investment Advisory LLC acquired a new position in Materion during the 2nd quarter valued at about $32,000. Measured Wealth Private Client Group LLC bought a new position in shares of Materion in the third quarter valued at approximately $35,000. Kestra Advisory Services LLC bought a new position in shares of Materion in the fourth quarter valued at approximately $40,000. EverSource Wealth Advisors LLC boosted its position in shares of Materion by 182.9% during the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company’s stock valued at $28,000 after buying an additional 225 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Materion by 69.8% during the fourth quarter. Hantz Financial Services Inc. now owns 360 shares of the basic materials company’s stock valued at $45,000 after buying an additional 148 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

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.