Materion (NYSE:MTRN) Sets New 12-Month High - Should You Buy?

Key Points

• Materion Corporation recently achieved a new 52-week high, trading at $125.12, with an average price target from analysts set at $117.00 and a consensus rating of "Buy."
• The company reported a Q2 EPS of $1.37, exceeding expectations, and had a revenue increase of 1.4% year-over-year, amounting to $431.66 million.
• Materion has declared a quarterly dividend of $0.14 per share, contributing to an annualized yield of 0.5%, while its payout ratio stands at 70%.

Materion Corporation (NYSE:MTRN - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $125.12 and last traded at $121.22, with a volume of 8385 shares. The stock had previously closed at $122.60.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. KeyCorp lifted their price target on Materion from $115.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Wall Street Zen lowered Materion from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Materion currently has a consensus rating of "Buy" and an average price target of $117.00.

Materion Price Performance

The company's 50 day moving average is $110.97 and its 200-day moving average is $91.42. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 152.81 and a beta of 0.91. 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 issued its earnings results on Wednesday, July 30th. The basic materials company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.18 by $0.19. Materion had a return on equity of 12.69% and a net margin of 0.94%.The company had revenue of $431.66 million during the quarter, compared to the consensus estimate of $403.73 million. During the same period in the previous year, the company posted $1.42 EPS. The firm's revenue for the quarter 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 anticipate that Materion Corporation will post 5.5 earnings per share for the current year.

Materion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 22nd. Materion's payout ratio is currently 70.00%.

Insider Buying and Selling

In related news, VP Gregory R. Chemnitz sold 3,000 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $105.17, for a total value of $315,510.00. Following the completion of the sale, the vice president directly owned 10,376 shares in the company, valued at $1,091,243.92. The trade was a 22.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Melissa A. Fashinpaur sold 1,140 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $105.34, for a total value of $120,087.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,295 shares of company stock valued at $557,392. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its position in Materion by 28.0% during the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company's stock worth $103,098,000 after buying an additional 283,998 shares in the last quarter. Trigran Investments Inc. lifted its position in shares of Materion by 0.5% during the 2nd quarter. Trigran Investments Inc. now owns 798,747 shares of the basic materials company's stock valued at $63,397,000 after acquiring an additional 3,982 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Materion by 7.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 673,007 shares of the basic materials company's stock worth $54,917,000 after purchasing an additional 47,240 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Materion by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 487,186 shares of the basic materials company's stock worth $38,673,000 after purchasing an additional 10,468 shares in the last quarter. Finally, Copeland Capital Management LLC increased its position in shares of Materion by 16.0% in the second quarter. Copeland Capital Management LLC now owns 465,746 shares of the basic materials company's stock worth $36,966,000 after purchasing an additional 64,289 shares during the period. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.