Materion (NYSE:MTRN) CEO Sells $7,096,864.32 in Stock

Materion Corporation (NYSE:MTRN) CEO Jugal Vijayvargiya sold 24,336 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $291.62, for a total transaction of $7,096,864.32. Following the transaction, the chief executive officer owned 116,699 shares of the company’s stock, valued at approximately $34,031,762.38. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Materion Trading Up 0.1%

MTRN stock opened at $283.55 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.29 and a debt-to-equity ratio of 0.44. Materion Corporation has a 12-month low of $107.72 and a 12-month high of $304.58. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 66.10 and a beta of 1.07. The business’s 50-day moving average is $254.98 and its 200 day moving average is $198.86.

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

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be paid a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 20th. Materion’s dividend payout ratio is currently 13.52%.

Analysts Set New Price Targets

Several brokerages have issued reports on MTRN. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of Materion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Zacks Research upgraded shares of Materion from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, KeyCorp upped their price objective on shares of Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. One research 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. Based on data from MarketBeat, Materion currently has an average rating of “Buy” and a consensus price target of $306.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MTRN. BlackRock Inc. acquired a new stake in Materion during the second quarter worth about $1,032,985,000. State Street Corp boosted its holdings in Materion by 28.0% in 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. grew its stake in shares of Materion by 0.5% in the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company’s stock valued at $63,397,000 after buying an additional 3,982 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Materion in the 2nd quarter valued at approximately $132,656,000. Finally, Morgan Stanley increased its holdings in shares of Materion by 12.2% during the 4th quarter. Morgan Stanley now owns 429,482 shares of the basic materials company’s stock worth $53,393,000 after buying an additional 46,613 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

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.