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

by · The Cerbat Gem

Materion Corporation (NYSE:MTRNGet Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $152.99 and last traded at $150.4750, with a volume of 55478 shares trading hands. The stock had previously closed at $149.12.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MTRN shares. Wall Street Zen cut Materion from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research cut shares of Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. KeyCorp set a $161.00 price target on shares of Materion and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a research report on Thursday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Materion currently has a consensus rating of “Hold” and an average target price of $161.00.

Read Our Latest Stock Analysis on MTRN

Materion Stock Down 9.1%

The company has a quick ratio of 1.31, a current ratio of 3.29 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $2.80 billion, a PE ratio of 142.31 and a beta of 0.86. The business’s 50-day moving average price is $128.89 and its 200-day moving average price is $118.11.

Materion (NYSE:MTRNGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $1.41 earnings per share for the quarter, meeting the consensus estimate of $1.41. Materion had a net margin of 1.12% and a return on equity of 12.66%. The firm had revenue of $444.81 million for the quarter, compared to analyst estimates of $444.43 million. During the same quarter in the prior year, the business earned $1.41 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Materion has set its FY 2025 guidance at 5.300-5.700 EPS. As a group, equities research analysts predict that Materion Corporation will post 5.5 EPS for the current fiscal year.

Insider Buying and Selling at Materion

In related news, VP Gregory R. Chemnitz sold 864 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $113.23, for a total transaction of $97,830.72. Following the completion of the sale, the vice president directly owned 10,376 shares in the company, valued at approximately $1,174,874.48. This trade represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Amalgamated Bank raised its stake in shares of Materion by 1.5% during the 3rd quarter. Amalgamated Bank now owns 6,018 shares of the basic materials company’s stock worth $727,000 after purchasing an additional 87 shares in the last quarter. Pinnacle Associates Ltd. raised its position in Materion by 0.7% during the third quarter. Pinnacle Associates Ltd. now owns 13,045 shares of the basic materials company’s stock valued at $1,576,000 after acquiring an additional 95 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Materion by 0.4% in the third quarter. Nisa Investment Advisors LLC now owns 23,357 shares of the basic materials company’s stock valued at $2,822,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its stake in Materion by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 604 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 110 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Materion by 25.3% in the second quarter. First Horizon Advisors Inc. now owns 585 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 118 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

Materion Company Profile

(Get Free Report)

Materion Corporation (NYSE: MTRN) is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion’s offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion’s core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.

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