Materion (NYSE:MTRN) Shares Down 9.4% – Here’s What Happened

Materion Corporation (NYSE:MTRN)’s stock price dropped 9.4% on Thursday. The company traded as low as $230.46 and last traded at $226.6160. 17,395 shares were traded during trading, a decline of 94% from the average daily volume of 282,198 shares. The stock had previously closed at $250.22.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Jefferies Financial Group began coverage on Materion in a research report on Wednesday, September 2nd. They set a “buy” rating and a $314.00 target price for the company. KeyCorp increased their price target on shares of Materion from $237.00 to $306.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Zacks Research downgraded shares of Materion from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings raised shares of Materion from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 14th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.00.

Materion Stock Performance

The firm’s fifty day moving average price is $257.75 and its 200 day moving average price is $236.71. The firm has a market cap of $4.57 billion, a P/E ratio of 51.12 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.29 and a current ratio of 2.94.

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, beating the consensus estimate of $1.52 by $0.38. The company had revenue of $308.19 million for the quarter, compared to analyst estimates of $549.82 million. Materion had a net margin of 4.29% and a return on equity of 13.38%. Materion’s revenue was up 42.2% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. Sell-side analysts expect that Materion Corporation will post 7.04 EPS for the current fiscal year.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, August 20th were paid a $0.1450 dividend. This represents a $0.58 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, August 20th. Materion’s dividend payout ratio (DPR) is 13.52%.

Insiders Place Their Bets

In related news, Director Emily Liggett sold 1,012 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $232.42, for a total transaction of $235,209.04. Following the transaction, the director directly owned 3,161 shares of the company’s stock, valued at $734,679.62. This represents a 24.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jugal Vijayvargiya sold 24,336 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $291.62, for a total value of $7,096,864.32. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 29,053 shares of company stock valued at $8,301,958 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Materion

A number of large investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. increased its stake in shares of Materion by 2.2% in the second quarter. Contravisory Investment Management Inc. now owns 1,867 shares of the basic materials company’s stock worth $555,000 after acquiring an additional 40 shares during the period. Allworth Financial LP grew its stake in shares of Materion by 32.6% during the 2nd quarter. Allworth Financial LP now owns 175 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 43 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Materion by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 4,760 shares of the basic materials company’s stock valued at $689,000 after purchasing an additional 63 shares during the period. Abel Hall LLC boosted its holdings in Materion by 4.7% during the third quarter. Abel Hall LLC now owns 1,455 shares of the basic materials company’s stock worth $392,000 after buying an additional 65 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Materion by 21.6% during the third quarter. Farther Finance Advisors LLC now owns 389 shares of the basic materials company’s stock valued at $105,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 93.56% of the company’s stock.

About Materion

Materion Corporation is an advanced materials company that develops, manufactures and supplies engineered materials for demanding applications. Its product portfolio includes beryllium and beryllium-aluminum alloys, specialty metals, precious-metal and clad materials, thin-film coating materials, optical filters and other precision components.

The company’s materials and products are used in aerospace and defense, semiconductor manufacturing, communications, medical technology, energy, automotive and other industrial markets.