Materion (NYSE:MTRN) Hits New 12-Month High - Here's What Happened

Materion Corporation (NYSE:MTRN - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $200.50 and last traded at $197.0050, with a volume of 269802 shares changing hands. The stock had previously closed at $189.40.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MTRN shares. KeyCorp increased their target price on shares of Materion from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Materion in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Materion from a "buy" rating to a "hold" rating in a research report on Sunday, March 15th. Finally, Robert W. Baird initiated coverage on shares of Materion in a report on Wednesday, April 1st. They issued an "outperform" rating for the company. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $185.00.

Materion Price Performance

The stock's fifty day moving average is $157.35 and its 200-day moving average is $140.63. The stock has a market cap of $4.10 billion, a PE ratio of 53.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.04 and a quick ratio of 1.32.

Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. The firm had revenue of $261.79 million for the quarter, compared to analyst estimates of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. The business's revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 EPS. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities analysts anticipate that Materion Corporation will post 6.48 EPS for the current year.

Insider Activity

In related news, 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 completion of the transaction, the chief financial officer owned 16,139 shares of the company's stock, valued at approximately $2,358,392.07. This trade represents a 35.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Melissa A. Fashinpaur sold 309 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $160.00, for a total transaction of $49,440.00. Following the transaction, the chief accounting officer directly owned 310 shares of the company's stock, valued at $49,600. The trade was a 49.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,549 shares of company stock worth $7,548,444 in the last three months. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Materion

A number of hedge funds have recently made changes to their positions in the stock. Maseco LLP purchased a new position in shares of Materion in the fourth quarter valued at approximately $27,000. Montag A & Associates Inc. boosted its stake in shares of Materion by 1,607.7% in the third quarter. Montag A & Associates Inc. now owns 222 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 209 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Materion in the third quarter valued at approximately $35,000. Kestra Advisory Services LLC purchased a new position in shares of Materion in the fourth quarter valued at approximately $40,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 225 shares during the period. 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.

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