Weiss Ratings Reiterates "Hold (C-)" Rating for Materion (NYSE:MTRN)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for Materion (NYSE:MTRN), amidst mixed evaluations from other analysts.
• Materion's stock has experienced a price increase, with a current share price of $126.87 and a target price consensus set at $117.00.
• Insider trading activity included significant sales by company executives, with VP Gregory R. Chemnitz selling 3,000 shares for approximately $315,510.

Materion (NYSE:MTRN - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

MTRN has been the topic of several other reports. Zacks Research cut shares of Materion from a "strong-buy" rating to a "hold" rating in a research note on Monday. KeyCorp increased their target price on shares of Materion from $115.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen lowered shares of Materion from a "buy" rating to a "hold" rating in a report on Friday, September 26th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $117.00.

Materion Stock Performance

Shares of NYSE MTRN opened at $126.87 on Wednesday. The firm's 50-day moving average price is $113.95 and its two-hundred day moving average price is $92.76. The stock has a market capitalization of $2.63 billion, a P/E ratio of 158.59 and a beta of 0.91. The company has a quick ratio of 1.25, a current ratio of 3.17 and a debt-to-equity ratio of 0.46. Materion has a 52-week low of $69.10 and a 52-week high of $127.30.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $431.66 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $1.42 earnings per share. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, sell-side analysts forecast that Materion will post 5.5 earnings per share for the current year.

Insider Activity at Materion

In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of the company's stock in a transaction dated 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 sale, the vice president directly owned 10,376 shares of the company's stock, valued at approximately $1,091,243.92. This represents a 22.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 have sold 5,295 shares of company stock worth $557,392 in the last quarter. Company insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On Materion

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of Materion by 182.9% in the second quarter. EverSource Wealth Advisors LLC now owns 348 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 225 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Materion in the first quarter valued at approximately $34,000. First Horizon Advisors Inc. boosted its position in shares of Materion by 25.3% in the second quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 118 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Materion in the second quarter valued at approximately $50,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Materion in the second quarter valued at approximately $53,000. Institutional investors 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.

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