Materion Corporation (NYSE:MTRN) Stock Has Consensus Target Price of $310.00 According to Brokerages

Materion Corporation (NYSE:MTRN) has received an average rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $310.00.

MTRN has been the topic of a number of recent analyst reports. Jefferies Financial Group started coverage on Materion in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $314.00 price target on the stock. KeyCorp upped their price objective on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of Materion from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Zacks Research raised shares of Materion from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Materion from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Insider Activity

In other Materion news, Director Emily Liggett sold 1,012 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $232.42, for a total transaction of $235,209.04. Following the completion of the transaction, the director directly owned 3,161 shares in the company, valued at $734,679.62. The trade was a 24.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jugal Vijayvargiya sold 24,336 shares of the company’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 sale, the chief executive officer owned 116,699 shares of the company’s stock, valued at $34,031,762.38. The trade was a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,053 shares of company stock valued at $8,301,958 in the last three months. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Materion

Institutional investors and hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. grew its holdings in Materion by 2.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,867 shares of the basic materials company’s stock worth $555,000 after acquiring an additional 40 shares during the period. Allworth Financial LP lifted its stake in shares of Materion by 32.6% in the 2nd 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. Oregon Public Employees Retirement Fund boosted its position in shares of Materion by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 4,760 shares of the basic materials company’s stock valued at $689,000 after purchasing an additional 63 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Materion by 22.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 72 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Materion during the 2nd quarter valued at about $32,000. 93.56% of the stock is currently owned by institutional investors.

Materion Stock Up 2.5%

Shares of MTRN opened at $268.64 on Wednesday. Materion has a 12 month low of $109.61 and a 12 month high of $304.58. The firm’s 50 day moving average is $249.26 and its 200-day moving average is $221.82. The stock has a market capitalization of $5.60 billion, a PE ratio of 62.62 and a beta of 1.08. 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 quarterly earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) 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 analysts’ expectations of $549.82 million. Materion had a return on equity of 13.38% and a net margin of 4.29%.The firm’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Equities research analysts forecast that Materion will post 7.04 EPS for the current year.

Materion Dividend Announcement

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

Materion Company Profile

Materion Corporation is an advanced materials company that develops, manufactures and supplies engineered materials for demanding industrial and technology applications. Its portfolio includes specialty metals and alloys, thin-film deposition materials, precious and non-precious metal products, beryllium-based materials, specialty chemicals and precision optics.

The company’s products are used in semiconductor manufacturing, aerospace and defense, medical technology, telecommunications, automotive systems, energy and other industrial markets.