Materion (NYSE:MTRN) Lowered to Hold Rating by Zacks Research

Key Points

• Materion (NYSE:MTRN) was downgraded from a "strong-buy" to a "hold" rating by Zacks Research, reflecting a shift in investor sentiment.
• The consensus target price for Materion shares is now $117.00, with analysts divided on ratings, including one buy and two hold ratings.
• Institutional investors own 93.56% of Materion's stock, indicating strong institutional backing despite recent stock sales by insiders.

Materion (NYSE:MTRN - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded Materion from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. KeyCorp lifted their target price on Materion from $115.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Materion in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Materion has an average rating of "Hold" and a consensus target price of $117.00.

Materion Trading Down 1.1%

MTRN opened at $124.58 on Monday. The stock has a market capitalization of $2.58 billion, a P/E ratio of 155.72 and a beta of 0.91. Materion has a 12 month low of $69.10 and a 12 month high of $127.30. The firm's fifty day simple moving average is $113.44 and its 200 day simple moving average is $92.52. The company has a current ratio of 3.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.18 by $0.19. Materion had a net margin of 0.94% and a return on equity of 12.69%. The business had revenue of $431.66 million for the quarter, compared to analysts' expectations of $403.73 million. During the same period in the previous year, the firm posted $1.42 EPS. The firm's revenue was up 1.4% compared to the same quarter last year. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, research analysts anticipate that Materion will post 5.5 EPS for the current fiscal year.

Insider Transactions at Materion

In other news, VP Gregory R. Chemnitz sold 3,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $105.17, for a total transaction of $315,510.00. Following the completion of the sale, the vice president owned 10,376 shares of the company's stock, valued at approximately $1,091,243.92. This represents a 22.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director N Mohan Reddy sold 1,155 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $105.45, for a total transaction of $121,794.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,295 shares of company stock valued at $557,392. Company insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On Materion

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its position in shares of Materion by 25.3% during the second quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 118 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Materion by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 3,160 shares of the basic materials company's stock valued at $251,000 after purchasing an additional 126 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Materion by 37.6% during the third quarter. GAMMA Investing LLC now owns 494 shares of the basic materials company's stock valued at $60,000 after purchasing an additional 135 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Materion by 4.0% during the first quarter. Inspire Investing LLC now owns 4,209 shares of the basic materials company's stock valued at $343,000 after purchasing an additional 160 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Materion by 5.5% in the second quarter. Cerity Partners LLC now owns 3,582 shares of the basic materials company's stock worth $284,000 after acquiring an additional 187 shares during the period. Institutional investors own 93.56% of the company's stock.

Materion Company Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.

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