Materion (NYSE:MTRN) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Materion (NYSE:MTRN) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks reports.

Other research analysts also recently issued reports about the stock. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 29th. Jefferies Financial Group assumed coverage on Materion in a research note on Wednesday, September 2nd. They set a “buy” rating and a $314.00 price target for the company. Finally, KeyCorp lifted their price objective on shares of Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $310.00.

Materion Stock Performance

NYSE MTRN opened at $312.07 on Monday. The company has a fifty day moving average of $255.47 and a two-hundred day moving average of $227.43. The company has a market capitalization of $6.50 billion, a PE ratio of 72.74 and a beta of 1.05. Materion has a 1 year low of $109.61 and a 1 year high of $324.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.94 and a quick ratio of 1.29.

Materion (NYSE:MTRN) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.38. The business had revenue of $308.19 million during the quarter, compared to the consensus estimate of $549.82 million. Materion had a return on equity of 13.38% and a net margin of 4.29%.The business’s quarterly revenue was up 42.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, analysts expect that Materion will post 7.04 earnings per share for the current year.

Materion Dividend Announcement

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

Insider Activity at Materion

In other Materion news, Director Vinod M. Khilnani sold 2,000 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $235.16, for a total transaction of $470,320.00. Following the sale, the director directly owned 11,171 shares in the company, valued at approximately $2,626,972.36. The trade was a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emily M. 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 sale, the director owned 3,161 shares in the company, valued at $734,679.62. This represents a 24.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 29,053 shares of company stock valued at $8,301,958. 2.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Materion

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Materion during the second quarter worth approximately $1,032,985,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Materion in the second quarter valued at $1,338,000. Bank of America Corp DE increased its stake in Materion by 8.7% in the first quarter. Bank of America Corp DE now owns 118,569 shares of the basic materials company’s stock valued at $17,151,000 after purchasing an additional 9,441 shares during the last quarter. California State Teachers Retirement System boosted its stake in Materion by 25.0% in the 1st quarter. California State Teachers Retirement System now owns 24,612 shares of the basic materials company’s stock worth $3,560,000 after buying an additional 4,926 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of Materion during the 2nd quarter valued at about $17,982,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

About Materion

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.