Materion (NYSE:MTRN) Price Target Cut to $232.00 by Analysts at KeyCorp

Key Points

• KeyCorp cut its Materion price target from $306 to $232 but maintained an Overweight rating; the new target implies 31.08% upside from the prior close.
• Materion reported record Q3 2026 net sales of $567.3 million, up from $444.8 million a year earlier, and adjusted EPS of $1.93, topping the $1.89 consensus. It raised its 2026 adjusted EPS outlook to $7.10–$7.40.
• Shares fell to $176.99 in Thursday trading. Analyst sentiment remained broadly positive, with a Moderate Buy consensus and an average price target of $273.

Materion (NYSE:MTRN - Get Free Report) had its price objective cut by KeyCorp from $306.00 to $232.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the basic materials company's stock. KeyCorp's target price indicates a potential upside of 31.08% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Materion from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings lowered shares of Materion from a "buy (b-)" rating to a "hold (c)" rating in a research report on Thursday, October 29th. Seaport Research Partners raised Materion from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Thursday. Zacks Research lowered shares of Materion from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Finally, Jefferies Financial Group initiated 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. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $273.00.

Materion Price Performance

Materion stock traded down $10.27 during mid-day trading on Thursday, hitting $176.99. 74,917 shares of the company traded hands, compared to its average volume of 280,599. The stock has a fifty day moving average price of $251.83 and a 200-day moving average price of $212.48. Materion has a one year low of $110.69 and a one year high of $324.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.29 and a current ratio of 2.94. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 41.36 and a beta of 1.10.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. The business had revenue of $313.66 million for the quarter, compared to analysts' expectations of $611.38 million. Materion had a return on equity of 13.38% and a net margin of 4.29%. The business's quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. On average, equities analysts predict that Materion will post 7.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Materion

In other news, CEO Jugal Vijayvargiya sold 24,336 shares of the business's stock in a transaction that occurred on 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 directly owned 116,699 shares in the company, valued at $34,031,762.38. The trade was a 17.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vinod Khilnani sold 2,000 shares of the business's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $235.16, for a total value of $470,320.00. Following the transaction, the director directly owned 11,171 shares in the company, valued at $2,626,972.36. This trade represents a 15.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,053 shares of company stock worth $8,301,958 in the last quarter. Insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. ProShare Advisors LLC grew its holdings in shares of Materion by 40.0% in the 3rd quarter. ProShare Advisors LLC now owns 42,131 shares of the basic materials company's stock worth $11,358,000 after acquiring an additional 12,042 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Materion by 48.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,700 shares of the basic materials company's stock worth $1,806,000 after buying an additional 2,200 shares in the last quarter. Choreo LLC grew its stake in Materion by 10.2% in the 3rd quarter. Choreo LLC now owns 1,320 shares of the basic materials company's stock valued at $356,000 after acquiring an additional 122 shares during the last quarter. EULAV Asset Management acquired a new position in Materion during the third quarter worth about $2,399,000. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Materion by 7.4% in the third quarter. Citizens Financial Group Inc. RI now owns 3,050 shares of the basic materials company's stock valued at $822,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.

Key Stories Impacting Materion

Here are the key news stories impacting Materion this week:

• Positive Sentiment: Materion reported record Q3 2026 net sales of $567.3 million, up from $444.8 million a year earlier. Adjusted EPS was $1.93, above the $1.89 consensus estimate and versus $1.41 a year ago; net income rose to $38.3 million. Materion Q3 results and outlook
• Positive Sentiment: The company raised its full-year 2026 adjusted EPS outlook to $7.10–$7.40 and anticipates high-teens top-line growth, signaling stronger expectations for the year. Materion raises outlook
• Positive Sentiment: Seaport Global Securities upgraded Materion to Buy, adding an additional positive analyst signal. Seaport Global upgrade

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.

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