Materion (NYSE:MTRN) Shares Gap Up Following Dividend Announcement

Materion Corporation (NYSE:MTRN) gapped up before the market opened on Monday following a dividend announcement from the company. The stock had previously closed at $221.06, but opened at $227.83. Materion shares last traded at $224.0350, with a volume of 7,093 shares.

The newly announced dividend which will be paid on Friday, December 4th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.1450 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.2%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Materion in a research report on Wednesday, September 2nd. They set a “buy” rating and a $314.00 price target on the stock. KeyCorp upped their price objective on shares of Materion from $237.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Materion from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research lowered shares of Materion from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded Materion from a “hold (c+)” rating to a “buy (b-)” rating in a research report 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $310.00.

Materion Price Performance

The business has a 50-day moving average price of $253.87 and a 200-day moving average price of $210.05.

Materion (NYSE:MTRN) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.38. The firm had revenue of $308.19 million during the quarter, compared to analyst estimates of $549.82 million. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The business’s revenue for the quarter was up 42.2% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.800-7.200 EPS. As a group, sell-side analysts predict that Materion Corporation will post 7.04 EPS for the current fiscal year.

Insider Buying and Selling at Materion

In other Materion news, Director Vinod Khilnani sold 2,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $235.16, for a total value of $470,320.00. Following the completion of the transaction, the director owned 11,171 shares in the company, valued at $2,626,972.36. The trade was a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Emily Liggett sold 1,012 shares of Materion stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $232.42, for a total value of $235,209.04. Following the completion of the transaction, the director owned 3,161 shares of the company’s stock, valued at $734,679.62. The trade was a 24.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 29,053 shares of company stock worth $8,301,958. 2.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Materion

Several large investors have recently bought and sold shares of MTRN. EULAV Asset Management acquired a new position in Materion during the 3rd quarter valued at approximately $2,399,000. Citizens Financial Group Inc. RI lifted its position in Materion by 7.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,050 shares of the basic materials company’s stock worth $822,000 after buying an additional 211 shares in the last quarter. Gibbs Wealth Management acquired a new stake in shares of Materion during the 3rd quarter valued at about $441,000. Sterling Capital Management LLC increased its position in Materion by 836.5% during the third quarter. Sterling Capital Management LLC now owns 693 shares of the basic materials company’s stock worth $187,000 after buying an additional 619 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Materion by 2.0% during the 3rd quarter. Inspire Investing LLC now owns 2,342 shares of the basic materials company’s stock worth $631,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Company Profile

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.