Materion (NYSE:MTRN) VP Gregory Chemnitz Sells 4,517 Shares of Stock

Materion Corporation (NYSE:MTRN) VP Gregory Chemnitz sold 4,517 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $157.32, for a total value of $710,614.44. Following the completion of the sale, the vice president owned 5,930 shares of the company’s stock, valued at approximately $932,907.60. The trade was a 43.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Materion Stock Down 3.3%

NYSE MTRN opened at $161.09 on Wednesday. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $172.03. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $3.34 billion, a P/E ratio of 44.87 and a beta of 0.84. The stock’s 50-day moving average price is $144.18 and its 200-day moving average price is $128.42.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Materion had a return on equity of 12.36% and a net margin of 4.19%.The company had revenue of $489.75 million during the quarter, compared to the consensus estimate of $448.78 million. During the same period in the previous year, the company posted $1.55 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. On average, equities research analysts predict that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, February 19th. Materion’s dividend payout ratio (DPR) is presently 15.60%.

Institutional Trading of Materion

Several hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Materion by 28.0% during the 2nd quarter. State Street Corp now owns 1,298,956 shares of the basic materials company’s stock valued at $103,098,000 after purchasing an additional 283,998 shares during the last quarter. Trigran Investments Inc. lifted its position in shares of Materion by 0.5% in the second quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock worth $63,397,000 after buying an additional 3,982 shares in the last quarter. Geode Capital Management LLC boosted its stake in Materion by 2.2% during the second quarter. Geode Capital Management LLC now owns 487,186 shares of the basic materials company’s stock valued at $38,673,000 after buying an additional 10,468 shares during the last quarter. Morgan Stanley boosted its stake in Materion by 12.2% during the fourth quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock valued at $53,393,000 after buying an additional 46,613 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Materion by 53.2% during the 3rd quarter. American Century Companies Inc. now owns 365,212 shares of the basic materials company’s stock valued at $44,121,000 after buying an additional 126,794 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MTRN. KeyCorp increased their price target on Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. 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.com, Materion presently has an average rating of “Hold” and an average price target of $170.00.

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.