Materion (NYSE:MTRN) Hits New 12-Month High – Should You Buy?

Materion Corporation (NYSE:MTRN)’s share price hit a new 52-week high during trading on Friday. The company traded as high as $304.90 and last traded at $306.1160, with a volume of 173510 shares. The stock had previously closed at $285.14.

Wall Street Analyst Weigh In

MTRN has been the subject of several analyst reports. Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Jefferies Financial Group started coverage on shares of Materion in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $314.00 price objective on the stock. KeyCorp raised their price objective 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. Zacks Research upgraded Materion from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Materion from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Materion has an average rating of “Buy” and an average target price of $310.00.

Materion Stock Up 7.4%

The company’s 50 day moving average is $250.39 and its 200 day moving average is $223.79. The company has a market cap of $6.38 billion, a PE ratio of 71.36 and a beta of 1.05. The company has a current ratio of 2.94, a quick ratio of 1.29 and a debt-to-equity ratio of 0.44.

Materion (NYSE:MTRN) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 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 business had revenue of $308.19 million for the quarter, compared to the consensus estimate of $549.82 million. During the same period in the prior year, the firm earned $1.37 EPS. The company’s revenue for the quarter was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, analysts predict that Materion Corporation will post 7.04 earnings per share for the current fiscal year.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, August 20th were paid a dividend of $0.1450 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%. Materion’s dividend payout ratio (DPR) is currently 13.52%.

Insider Buying and Selling

In other news, CEO Jugal Vijayvargiya sold 24,336 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $291.62, for a total value of $7,096,864.32. Following the completion of the transaction, the chief executive officer directly owned 116,699 shares of the company’s stock, valued at approximately $34,031,762.38. The trade was a 17.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Emily Liggett sold 1,012 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $232.42, for a total transaction of $235,209.04. Following the completion of the transaction, the director owned 3,161 shares of the company’s stock, valued at $734,679.62. This represents a 24.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 29,053 shares of company stock valued at $8,301,958. 2.80% of the stock is owned by insiders.

Institutional Trading of Materion

A number of institutional investors have recently bought and sold shares of MTRN. SkyView Investment Advisors LLC increased its stake in Materion by 9.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 1,550 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 136 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Materion in the 2nd quarter valued at $305,000. Engineers Gate Manager LP acquired a new stake in Materion during the 2nd quarter worth about $319,000. Integrated Wealth Concepts LLC acquired a new stake in Materion during the 2nd quarter worth about $76,000. Finally, Allworth Financial LP increased its holdings in shares of Materion by 32.6% in the second quarter. Allworth Financial LP now owns 175 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 43 shares during the period. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Materion Company Profile

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.