Materion (NYSE:MTRN) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Materion has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, signaling a shift in analyst sentiment towards the stock.
• Despite the downgrade, KeyCorp has increased its price target for Materion shares from $115.00 to $117.00, maintaining an "overweight" rating.
• Materion's latest earnings report showed earnings per share of $1.37, exceeding estimates, with a revenue increase of 1.4% compared to the same quarter last year.

Materion (NYSE:MTRN - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Separately, KeyCorp lifted their price target on shares of Materion from $115.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Materion presently has a consensus rating of "Buy" and an average price target of $117.00.

Materion Stock Performance

NYSE MTRN traded up $1.55 during trading hours on Friday, reaching $119.54. The company's stock had a trading volume of 110,963 shares, compared to its average volume of 148,745. The company has a current ratio of 3.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $109.51 and a 200 day simple moving average of $90.67. Materion has a 52 week low of $69.10 and a 52 week high of $123.21. The stock has a market cap of $2.48 billion, a PE ratio of 149.43 and a beta of 0.91.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $431.66 million for the quarter, compared to analyst estimates of $403.73 million. During the same quarter last year, the business earned $1.42 earnings per share. Materion'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. Equities research analysts predict that Materion will post 5.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Gregory R. Chemnitz sold 3,000 shares of the firm'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 value of $315,510.00. Following the completion of the transaction, the vice president owned 10,376 shares of the company's stock, valued at approximately $1,091,243.92. This trade represents a 22.43% 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 1,140 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $105.34, for a total transaction of $120,087.60. 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTRN. First Horizon Advisors Inc. boosted its stake in shares of Materion by 25.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company's stock valued at $46,000 after buying an additional 118 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Materion by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,160 shares of the basic materials company's stock valued at $251,000 after buying an additional 126 shares during the period. Inspire Investing LLC boosted its stake in shares of Materion by 4.0% during the 1st quarter. Inspire Investing LLC now owns 4,209 shares of the basic materials company's stock valued at $343,000 after buying an additional 160 shares during the period. Cerity Partners LLC boosted its stake in shares of Materion by 5.5% during the 2nd quarter. Cerity Partners LLC now owns 3,582 shares of the basic materials company's stock valued at $284,000 after buying an additional 187 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Materion by 0.9% during the 2nd quarter. Prudential Financial Inc. now owns 21,817 shares of the basic materials company's stock valued at $1,732,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 93.56% of the company's stock.

About Materion

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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