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Materion (MTRN) Stock Price, News & Analysis

Materion logo
$112.37 +0.87 (+0.78%)
(As of 11/20/2024 ET)

About Materion Stock (NYSE:MTRN)

Key Stats

Today's Range
$109.54
$112.37
50-Day Range
$97.00
$120.20
52-Week Range
$96.18
$145.08
Volume
71,058 shs
Average Volume
98,659 shs
Market Capitalization
$2.33 billion
P/E Ratio
31.65
Dividend Yield
0.48%
Price Target
$152.00
Consensus Rating
Buy

Company Overview

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. The company provides advanced engineered solutions comprising beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes; engineering and product development services; alloyed metals, beryllium products, and beryllium hydroxide; precision strip, rod, and wire products, as well as engineered strip metal products; and ToughMet alloys and SupremEX aluminum silicon carbide metal matrix composite formulation products. It operates the bertrandite ore mine and refinery located in Utah that provides feedstock hydroxide for its beryllium businesses and external sale. In addition, it produces advanced chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire. Further, the company designs and produces precision thin film coatings, optical filters, and assemblies. The company sells its products directly from its facilities, as well as through company-owned service centers, outside distributors, agents, direct sales offices, and independent sales representatives. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in March 2011. Materion Corporation was founded in 1921 and is headquartered in Mayfield Heights, Ohio.

Materion Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

MTRN MarketRank™: 

Materion scored higher than 97% of companies evaluated by MarketBeat, and ranked 13th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Materion has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Materion has received no research coverage in the past 90 days.

  • Read more about Materion's stock forecast and price target.
  • Earnings Growth

    Earnings for Materion are expected to grow by 21.95% in the coming year, from $5.24 to $6.39 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Materion is 31.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Materion is 31.65, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 118.21.

  • Price to Book Value per Share Ratio

    Materion has a P/B Ratio of 2.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Materion's valuation and earnings.
  • Percentage of Shares Shorted

    1.63% of the outstanding shares of Materion have been sold short.
  • Short Interest Ratio / Days to Cover

    Materion has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Materion has recently decreased by 5.83%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Materion has a dividend yield of 0.47%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Materion has been increasing its dividend for 12 years.

  • Dividend Coverage

    The dividend payout ratio of Materion is 15.21%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Materion will have a dividend payout ratio of 8.45% next year. This indicates that Materion will be able to sustain or increase its dividend.

  • Read more about Materion's dividend.
  • Percentage of Shares Shorted

    1.63% of the outstanding shares of Materion have been sold short.
  • Short Interest Ratio / Days to Cover

    Materion has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Materion has recently decreased by 5.83%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Materion has a news sentiment score of 1.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Materion this week, compared to 3 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Materion insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $235,140.00 in company stock.

  • Percentage Held by Insiders

    Only 2.60% of the stock of Materion is held by insiders.

  • Percentage Held by Institutions

    93.56% of the stock of Materion is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Materion's insider trading history.
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MTRN Stock News Headlines

Seaport Global Keeps Their Buy Rating on Materion (MTRN)
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Materion Corporation Reports Strong Q3 2024 Results
Materion Q3 Profit Declines, But Sales Rise
See More Headlines

MTRN Stock Analysis - Frequently Asked Questions

Materion's stock was trading at $130.13 on January 1st, 2024. Since then, MTRN stock has decreased by 13.6% and is now trading at $112.37.
View the best growth stocks for 2024 here
.

Materion Co. (NYSE:MTRN) issued its quarterly earnings results on Wednesday, October, 30th. The basic materials company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. The business's revenue for the quarter was up 8.3% compared to the same quarter last year.

Top institutional shareholders of Materion include Mountaineer Partners Management LLC (44.08%), State Street Corp (4.66%), Vaughan Nelson Investment Management L.P. (2.91%) and Geode Capital Management LLC (2.25%). Insiders that own company stock include Shelly Marie Chadwick, Gregory R Chemnitz and Craig S Shular.
View institutional ownership trends
.

Shares of MTRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Materion investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 9/6 Dividend
8/23/2024
Dividend Payable
9/06/2024
Last Earnings
10/30/2024
Ex-Dividend for 12/6 Dividend
11/14/2024
Today
11/21/2024
Dividend Payable
12/06/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/20/2025

Industry, Sector and Symbol

Industry
Metal forgings & stampings
Sub-Industry
Diversified Metals & Mining
CUSIP
57669010
Employees
3,404
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$152.00
High Stock Price Target
$152.00
Low Stock Price Target
$152.00
Potential Upside/Downside
+35.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$95.70 million
Pretax Margin
4.87%

Debt

Sales & Book Value

Annual Sales
$1.67 billion
Cash Flow
$8.56 per share
Book Value
$42.88 per share

Miscellaneous

Free Float
20,211,000
Market Cap
$2.33 billion
Optionable
Optionable
Beta
1.19

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This page (NYSE:MTRN) was last updated on 11/21/2024 by MarketBeat.com Staff
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