Research Analysts Issue Forecasts for Materion Co.'s Q1 2024 Earnings (NYSE:MTRN)

Materion Co. (NYSE:MTRN - Free Report) - Equities research analysts at Seaport Res Ptn decreased their Q1 2024 EPS estimates for shares of Materion in a research note issued on Monday, April 1st. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will earn $1.08 per share for the quarter, down from their previous forecast of $1.35. The consensus estimate for Materion's current full-year earnings is $6.16 per share. Seaport Res Ptn also issued estimates for Materion's Q2 2024 earnings at $1.51 EPS, FY2024 earnings at $6.23 EPS, Q1 2025 earnings at $1.73 EPS, Q2 2025 earnings at $1.85 EPS, Q3 2025 earnings at $1.96 EPS and FY2025 earnings at $7.69 EPS.

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

Materion Trading Down 0.9 %

MTRN stock traded down $1.14 during midday trading on Thursday, reaching $125.94. 151,682 shares of the company's stock traded hands, compared to its average volume of 100,826. The company has a market capitalization of $2.61 billion, a P/E ratio of 27.50 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. Materion has a fifty-two week low of $92.23 and a fifty-two week high of $145.08. The business has a 50-day moving average price of $128.91 and a two-hundred day moving average price of $117.53.

Institutional Investors Weigh In On Materion

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Materion by 0.8% in the 1st quarter. BlackRock Inc. now owns 3,414,043 shares of the basic materials company's stock valued at $292,720,000 after buying an additional 28,638 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Materion by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 2,541,196 shares of the basic materials company's stock worth $330,686,000 after purchasing an additional 9,394 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Materion by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,292,435 shares of the basic materials company's stock worth $110,815,000 after purchasing an additional 5,975 shares during the last quarter. State Street Corp increased its position in shares of Materion by 21.3% during the 1st quarter. State Street Corp now owns 1,030,733 shares of the basic materials company's stock worth $88,375,000 after purchasing an additional 181,087 shares during the last quarter. Finally, Trigran Investments Inc. increased its position in shares of Materion by 1.9% during the 4th quarter. Trigran Investments Inc. now owns 687,794 shares of the basic materials company's stock worth $89,503,000 after purchasing an additional 12,500 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.

Insider Activity

In related news, VP Gregory R. Chemnitz sold 3,000 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $133.74, for a total value of $401,220.00. Following the completion of the transaction, the vice president now directly owns 14,510 shares in the company, valued at $1,940,567.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Gregory R. Chemnitz sold 3,000 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was 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 in the company, valued at $1,940,567.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the firm'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 completion of the transaction, the chief financial officer now owns 13,147 shares in the company, valued at approximately $1,743,292.20. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, February 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.41%. Materion's 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.