Materion (NYSE:MTRN) Shares Gap Down – Time to Sell?

Shares of Materion Corporation (NYSE:MTRN) gapped down prior to trading on Friday . The stock had previously closed at $148.78, but opened at $139.14. Materion shares last traded at $131.3650, with a volume of 47,597 shares changing hands.

Analyst Ratings Changes

MTRN has been the topic of several analyst reports. KeyCorp set a $161.00 price target on Materion and gave the company an “overweight” rating in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Zacks Research downgraded shares of Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Materion presently has an average rating of “Hold” and a consensus target price of $161.00.

Materion Stock Performance

The company has a quick ratio of 1.31, a current ratio of 3.29 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $128.51 and a 200 day moving average of $117.73. The stock has a market capitalization of $2.74 billion, a P/E ratio of 139.11 and a beta of 0.86.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The firm had revenue of $444.81 million during the quarter, compared to analyst estimates of $444.43 million. Materion had a net margin of 1.12% and a return on equity of 12.66%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 earnings per share. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. Research analysts anticipate that Materion Corporation will post 5.5 EPS for the current fiscal year.

Insider Buying and Selling

In other Materion news, VP Gregory R. Chemnitz sold 864 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $113.23, for a total value of $97,830.72. Following the sale, the vice president directly owned 10,376 shares in the company, valued at $1,174,874.48. This represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in shares of Materion in the 1st quarter worth about $201,000. Millennium Management LLC boosted its position in Materion by 54.1% in the first quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company’s stock valued at $7,280,000 after buying an additional 31,305 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Materion during the first quarter worth about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Materion by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company’s stock worth $4,410,000 after buying an additional 5,894 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Materion by 44.9% during the first quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company’s stock worth $2,882,000 after buying an additional 10,940 shares in the last quarter. 93.56% of the stock is 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.