Materion (MTRN) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Materion in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MTRN shares.
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2 brokers have issued twelve-month price targets for Materion's stock. Their MTRN share price forecasts range from $126.00 to $130.00. On average, they predict the company's stock price to reach $128.00 in the next year. This suggests a possible upside of 27.6% from the stock's current price.
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Materion's stock was trading at $87.51 on January 1st, 2023. Since then, MTRN shares have increased by 14.7% and is now trading at $100.34.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our MTRN earnings forecast.

Materion Co. (NYSE:MTRN) announced its earnings results on Wednesday, May, 3rd. The basic materials company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.05. The basic materials company had revenue of $442.50 million for the quarter, compared to analyst estimates of $447.10 million. Materion had a trailing twelve-month return on equity of 14.03% and a net margin of 5.57%. Materion's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS.

Materion announced a quarterly dividend on Wednesday, May 17th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.13 per share on Thursday, June 15th. This represents a $0.52 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, May 30th. This is an increase from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for MTRN.

ETFs with the largest weight of Materion (NYSE:MTRN) stock in their portfolio include ProShares Smart Materials ETF (TINT), Invesco S&P SmallCap Materials ETF (PSCM), Invesco DWA Basic Materials Momentum ETF (PYZ), SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metal Miners Bull 2X Shares (MNM), ProShares Russell 2000 Dividend Growers ETF (SMDV), First Trust Small Cap Growth AlphaDEX Fund (FYC) and Global X U.S. Infrastructure Development ETF (PAVE).

Materion (NYSE:MTRN) pays an annual dividend of $0.50 per share and currently has a dividend yield of 0.48%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 10.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTRN will have a dividend payout ratio of 7.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTRN.

Materion issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $5.60-$6.00 for the period, compared to the consensus estimate of $5.56. The company issued revenue guidance of -.

13 employees have rated Materion Chief Executive Officer Jugal K. Vijayvargiya on Glassdoor.com. Jugal K. Vijayvargiya has an approval rating of 52% among the company's employees. This puts Jugal K. Vijayvargiya in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Materion investors own include CA (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Accenture (ACN), Endologix (ELGX), AbbVie (ABBV), Micron Technology (MU), Costco Wholesale (COST), Starbucks (SBUX) and Agrium (AGU).

Materion trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTRN."

Materion's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.86%), Dimensional Fund Advisors LP (6.08%), State Street Corp (5.00%), Trigran Investments Inc. (2.64%), Silvercrest Asset Management Group LLC (2.62%) and Copeland Capital Management LLC (2.45%). Insiders that own company stock include Craig S Shular, Emily M Liggett, Gregory R Chemnitz and Vinod M Khilnani.
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Shares of MTRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTRN stock can currently be purchased for approximately $100.34.

Materion (NYSE:MTRN) has a market capitalization of $2.07 billion and generates $1.76 billion in revenue each year. The basic materials company earns $85.99 million in net income (profit) each year or $4.69 on an earnings per share basis.

The company employs 3,723 workers across the globe.

Materion's mailing address is 6070 PARKLAND BOULEVARD, MAYFIELD HEIGHTS OH, 44124. The official website for the company is www.materion.com. The basic materials company can be reached via phone at (216) 486-4200, via email at investor.contact@materion.com, or via fax at 216-383-4091.