Materion (NYSE:MTRN) Now Covered by KeyCorp

Equities researchers at KeyCorp assumed coverage on shares of Materion (NYSE:MTRN) in a report released on Wednesday. The brokerage set an “overweight” rating and a $170.00 price target on the basic materials company’s stock. KeyCorp’s price objective indicates a potential upside of 19.93% from the company’s current price.

Several other research firms have also recently issued reports on MTRN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Materion in a research report on Thursday, January 22nd. Wall Street Zen lowered Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $170.00.

Materion Price Performance

NYSE MTRN opened at $141.75 on Wednesday. The business’s fifty day moving average is $147.73 and its 200 day moving average is $131.79. Materion has a fifty-two week low of $69.10 and a fifty-two week high of $172.03. 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 $2.94 billion, a PE ratio of 39.49 and a beta of 0.84.

Materion (NYSE:MTRN) last released its earnings results on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The company 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 firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.55 EPS. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. Sell-side analysts predict that Materion will post 5.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Melissa A. Fashinpaur sold 309 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $160.00, for a total value of $49,440.00. Following the completion of the sale, the chief accounting officer owned 310 shares in the company, valued at approximately $49,600. The trade was a 49.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shelly Marie Chadwick sold 8,976 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $146.13, for a total transaction of $1,311,662.88. Following the transaction, the chief financial officer owned 16,139 shares in the company, valued at approximately $2,358,392.07. This represents a 35.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 49,549 shares of company stock worth $7,548,444. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Materion

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oliver Luxxe Assets LLC bought a new position in shares of Materion during the 3rd quarter worth approximately $1,673,000. First Eagle Investment Management LLC acquired a new position in shares of Materion during the third quarter worth $2,960,000. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Materion during the 3rd quarter valued at $1,946,000. JPMorgan Chase & Co. boosted its position in shares of Materion by 155.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company’s stock worth $23,030,000 after purchasing an additional 116,091 shares in the last quarter. Finally, Harvey Partners LLC acquired a new stake in shares of Materion in the 3rd quarter worth $38,418,000. Hedge funds and other institutional investors 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.