Zacks Research Upgrades Materion (NYSE:MTRN) to “Strong-Buy”

Materion (NYSE:MTRN) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other analysts have also commented on MTRN. KeyCorp lifted their price target on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research note on Friday. Weiss Ratings upgraded shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $306.00.

Materion Trading Up 4.0%

Shares of NYSE:MTRN opened at $289.40 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.32. Materion has a 1 year low of $104.63 and a 1 year high of $304.58. The company has a market cap of $6.02 billion, a P/E ratio of 67.46 and a beta of 1.07. The stock’s fifty day moving average price is $250.58 and its 200-day moving average price is $194.64.

Materion (NYSE:MTRN) last released its quarterly earnings data 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 company had revenue of $308.19 million during the quarter, compared to the consensus estimate of $549.82 million. During the same period last year, the company earned $1.37 EPS. Materion’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. Sell-side analysts expect that Materion will post 7.06 earnings per share for the current year.

Institutional Investors Weigh In On Materion

Large investors have recently made changes to their positions in the company. UBS Group AG increased its holdings in Materion by 18.8% during the fourth quarter. UBS Group AG now owns 60,378 shares of the basic materials company’s stock valued at $7,506,000 after buying an additional 9,576 shares during the last quarter. King Luther Capital Management Corp boosted its stake in shares of Materion by 95.1% during the 4th quarter. King Luther Capital Management Corp now owns 74,075 shares of the basic materials company’s stock worth $9,209,000 after acquiring an additional 36,112 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Materion by 136.7% during the 4th quarter. First Eagle Investment Management LLC now owns 58,000 shares of the basic materials company’s stock worth $7,211,000 after acquiring an additional 33,500 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Materion by 21.5% during the 1st quarter. Principal Financial Group Inc. now owns 120,164 shares of the basic materials company’s stock valued at $17,382,000 after acquiring an additional 21,295 shares during the period. Finally, Royce & Associates LP grew its position in shares of Materion by 11.2% during the 4th quarter. Royce & Associates LP now owns 108,440 shares of the basic materials company’s stock valued at $13,481,000 after acquiring an additional 10,940 shares during the period. 93.56% of the stock is currently owned by 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.