Q3 2024 Earnings Estimate for Materion Co. Issued By Seaport Res Ptn (NYSE:MTRN)

Materion Co. (NYSE:MTRN - Free Report) - Research analysts at Seaport Res Ptn lifted their Q3 2024 earnings per share estimates for Materion in a report released on Monday, April 1st. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings of $1.75 per share for the quarter, up from their previous forecast of $1.65. The consensus estimate for Materion's current full-year earnings is $6.30 per share. Seaport Res Ptn also issued estimates for Materion's Q4 2024 earnings at $1.90 EPS and Q4 2025 earnings at $2.15 EPS.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.03. The firm had revenue of $421.00 million during the quarter, compared to analysts' expectations of $420.50 million. Materion had a net margin of 5.75% and a return on equity of 13.49%. Materion's revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 EPS.

Separately, KeyCorp reduced their price target on shares of Materion from $157.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday.

Materion Stock Performance

Materion stock traded up $3.37 during trading hours on Wednesday, hitting $127.08. The company had a trading volume of 195,834 shares, compared to its average volume of 100,033. Materion has a one year low of $92.23 and a one year high of $145.08. The firm has a 50-day moving average of $128.72 and a 200 day moving average of $117.47. The firm has a market cap of $2.63 billion, a PE ratio of 27.75 and a beta of 1.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.78 and a quick ratio of 1.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co grew its position in shares of Materion by 529.0% during the 4th quarter. CENTRAL TRUST Co now owns 195 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 164 shares during the period. Quest Partners LLC bought a new position in Materion in the 4th quarter worth approximately $44,000. Point72 Middle East FZE bought a new position in Materion in the 2nd quarter worth approximately $42,000. SRS Capital Advisors Inc. boosted its holdings in Materion by 285.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 428 shares of the basic materials company's stock worth $56,000 after buying an additional 317 shares during the period. Finally, US Bancorp DE boosted its holdings in Materion by 34.7% in the 4th quarter. US Bancorp DE now owns 528 shares of the basic materials company's stock worth $69,000 after buying an additional 136 shares during the period. 93.56% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Shelly Marie Chadwick sold 2,000 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $132.60, for a total value of $265,200.00. Following the sale, the chief financial officer now owns 13,147 shares in the company, valued at approximately $1,743,292.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total value of $401,220.00. Following the completion of the sale, the vice president now directly owns 14,510 shares of the company's stock, valued at approximately $1,940,567.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the company's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total transaction of $265,200.00. Following the completion of the sale, the chief financial officer now directly owns 13,147 shares of the company's stock, valued at $1,743,292.20. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.41%. Materion's dividend payout ratio is currently 11.35%.

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.