Materion (NYSE:MTRN) Stock Rating Upgraded by Zacks Research

Materion (NYSE:MTRN) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts have also weighed in on MTRN. Weiss Ratings raised shares of Materion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Wall Street Zen raised Materion from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, KeyCorp boosted their price target on Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Materion currently has a consensus rating of “Buy” and an average price target of $306.00.

Materion Stock Performance

Shares of MTRN opened at $289.40 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.32 and a current ratio of 2.94. Materion has a twelve month low of $104.63 and a twelve month high of $304.58. The firm’s 50 day moving average price is $250.58 and its two-hundred day moving average price is $194.64. The firm has a market cap of $6.02 billion, a P/E ratio of 67.46 and a beta of 1.07.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.38. Materion had a net margin of 4.29% and a return on equity of 13.38%. The company had revenue of $308.19 million during the quarter, compared to the consensus estimate of $549.82 million. During the same quarter in the prior year, the firm earned $1.37 earnings per share. The firm’s revenue was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. On average, analysts forecast that Materion will post 7.06 EPS for the current fiscal year.

Institutional Trading of Materion

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Materion during the second quarter valued at approximately $1,032,985,000. State Street Corp increased 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 purchasing an additional 283,998 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Materion during the 2nd quarter worth approximately $49,060,000. Raymond James Financial Inc. increased its position in shares of Materion by 187.4% during the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company’s stock worth $20,199,000 after purchasing an additional 109,017 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Materion by 313.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 82,019 shares of the basic materials company’s stock worth $6,510,000 after purchasing an additional 62,187 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

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.