Materion (NYSE:MTRN) Raised to “Buy” at Wall Street Zen

Materion (NYSE:MTRN) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts also recently weighed in on MTRN. KeyCorp increased their price objective on shares of Materion from $159.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Materion has an average rating of “Hold” and a consensus target price of $170.00.

Materion Price Performance

NYSE MTRN opened at $144.20 on Friday. Materion has a one year low of $69.10 and a one year high of $172.03. The stock has a 50-day moving average of $145.59 and a 200 day moving average of $129.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.11. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 40.17 and a beta of 0.84.

Materion (NYSE:MTRN) last posted its earnings results on Thursday, February 12th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. The business had revenue of $489.75 million for the quarter, compared to analysts’ expectations of $448.78 million. Materion had a net margin of 4.19% and a return on equity of 12.36%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. On average, sell-side analysts forecast that Materion will post 5.5 EPS for the current year.

Insider Buying and Selling at Materion

In other Materion news, CEO Jugal K. Vijayvargiya sold 12,245 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $156.86, for a total value of $1,920,750.70. Following the transaction, the chief executive officer directly owned 118,008 shares in the company, valued at approximately $18,510,734.88. This trade represents a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Melissa A. Fashinpaur sold 309 shares of Materion stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $160.00, for a total transaction of $49,440.00. Following the transaction, the chief accounting officer owned 310 shares in the company, valued at $49,600. This represents a 49.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 49,549 shares of company stock valued at $7,548,444 in the last quarter. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Materion

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

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.