Materion (NYSE:MTRN) CFO Sells $1,311,662.88 in Stock

Materion Corporation (NYSE:MTRN) CFO Shelly Marie Chadwick sold 8,976 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $146.13, for a total value of $1,311,662.88. Following the sale, the chief financial officer directly owned 16,139 shares in the company, valued at approximately $2,358,392.07. This represents a 35.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Materion Stock Performance

Materion stock traded up $5.84 during mid-day trading on Wednesday, reaching $160.91. The company’s stock had a trading volume of 207,693 shares, compared to its average volume of 187,380. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48. Materion Corporation has a twelve month low of $69.10 and a twelve month high of $172.03. The business has a 50 day moving average price of $140.58 and a 200-day moving average price of $126.59. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 44.93 and a beta of 0.87.

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

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Thursday, February 19th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, February 19th. Materion’s payout ratio is presently 15.60%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTRN. KeyCorp raised their price target on Materion from $159.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Materion presently has an average rating of “Hold” and a consensus target price of $170.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Harvey Partners LLC bought a new stake in shares of Materion during the third quarter valued at about $38,418,000. State Street Corp raised its position 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 worth $103,098,000 after buying an additional 283,998 shares in the last quarter. American Century Companies Inc. raised its position in shares of Materion by 222.3% during the 2nd quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company’s stock worth $18,923,000 after buying an additional 164,433 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Materion by 155.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after acquiring an additional 116,091 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of Materion by 187.4% in the third quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock valued at $20,199,000 after acquiring an additional 109,017 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

Materion Company Profile

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.