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

Key Points

• Materion Corporation's stock reached a new 12-month high at $127.30, closing at $124.58 with a trading volume of 119,911 shares.
• Analysts have mixed ratings on the stock, with Wall Street Zen downgrading it to "hold," while KeyCorp set a target price of $117.00, indicating a consensus rating of "Moderate Buy."
• The company reported a quarterly EPS of $1.37, surpassing estimates, and declared a quarterly dividend of $0.14, yielding an annualized 0.4% with a payout ratio of 70%.

Materion Corporation (NYSE:MTRN - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $127.30 and last traded at $124.58, with a volume of 119911 shares changing hands. The stock had previously closed at $125.91.

Analyst Ratings Changes

MTRN has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Materion from a "buy" rating to a "hold" rating in a report on Friday, September 26th. KeyCorp increased their price target on shares of Materion from $115.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Materion in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Materion presently has a consensus rating of "Moderate Buy" and an average price target of $117.00.

Materion Trading Down 1.1%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.25 and a current ratio of 3.17. The stock has a market cap of $2.58 billion, a P/E ratio of 155.72 and a beta of 0.91. The stock's fifty day moving average is $113.44 and its 200 day moving average is $92.52.

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

Materion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.4%. Materion's dividend payout ratio (DPR) is presently 70.00%.

Insiders Place Their Bets

In other Materion news, CAO Melissa A. Fashinpaur sold 1,140 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $105.34, for a total value of $120,087.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director N Mohan Reddy sold 1,155 shares of the firm's stock in a transaction dated 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. Insiders sold a total of 5,295 shares of company stock valued at $557,392 over the last 90 days. Insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On Materion

A number of institutional investors have recently modified their holdings of MTRN. Wesbanco Bank Inc. increased its position in shares of Materion by 105.0% during the first quarter. Wesbanco Bank Inc. now owns 8,200 shares of the basic materials company's stock worth $669,000 after acquiring an additional 4,200 shares during the period. GAMMA Investing LLC increased its position in shares of Materion by 722.2% during the first quarter. GAMMA Investing LLC now owns 2,146 shares of the basic materials company's stock worth $175,000 after acquiring an additional 1,885 shares during the period. SG Americas Securities LLC purchased a new position in shares of Materion during the first quarter worth approximately $714,000. Vaughan Nelson Investment Management L.P. increased its position in shares of Materion by 7.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company's stock worth $54,917,000 after acquiring an additional 47,240 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Materion during the first quarter worth approximately $248,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

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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