Materion Corporation (NYSE:MTRN - Get Free Report) CAO Melissa Fashinpaur sold 309 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $160.00, for a total transaction of $49,440.00. Following the completion of the transaction, the chief accounting officer owned 310 shares in the company, valued at $49,600. This represents a 49.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Materion Price Performance
MTRN opened at $161.09 on Wednesday. The company has a fifty day moving average price of $144.18 and a two-hundred day moving average price of $128.42. The firm has a market capitalization of $3.34 billion, a PE ratio of 44.87 and a beta of 0.84. Materion Corporation has a 52 week low of $69.10 and a 52 week high of $172.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.11.
Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The basic materials company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.02. The business had revenue of $489.75 million during the quarter, compared to analysts' expectations of $448.78 million. Materion had a return on equity of 12.36% and a net margin of 4.19%.The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 earnings per share. Materion has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, analysts anticipate that Materion Corporation will post 5.5 earnings per share for the current year.
Materion Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, February 19th. Materion's dividend payout ratio (DPR) is currently 15.60%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in MTRN. Harvey Partners LLC bought a new position in shares of Materion in the 3rd quarter valued at about $38,418,000. State Street Corp boosted its position in Materion by 28.0% during the second quarter. State Street Corp now owns 1,298,956 shares of the basic materials company's stock valued at $103,098,000 after purchasing an additional 283,998 shares during the last quarter. American Century Companies Inc. boosted its position in Materion by 222.3% during the second quarter. American Century Companies Inc. now owns 238,418 shares of the basic materials company's stock valued at $18,923,000 after purchasing an additional 164,433 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Materion by 155.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,626 shares of the basic materials company's stock worth $23,030,000 after purchasing an additional 116,091 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Materion by 187.4% during the 3rd quarter. Raymond James Financial Inc. now owns 167,200 shares of the basic materials company's stock worth $20,199,000 after purchasing an additional 109,017 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on MTRN. KeyCorp increased their target price on Materion from $159.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 13th. Weiss Ratings restated a "hold (c-)" rating on shares of Materion in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $170.00.
Get Our Latest Analysis on Materion
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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