Should I buy or sell Materion stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Materion in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTRN shares. View MTRN analyst ratings or view top-rated stocks .

What is Materion's stock price target for 2024?

3 Wall Street research analysts have issued 12-month target prices for Materion's shares. Their MTRN share price targets range from $133.00 to $156.00. On average, they predict the company's share price to reach $144.50 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price. View analysts price targets for MTRN or view top-rated stocks among Wall Street analysts .

How have MTRN shares performed in 2024?

Materion's stock was trading at $130.13 on January 1st, 2024. Since then, MTRN stock has decreased by 3.8% and is now trading at $125.16. View the best growth stocks for 2024 here .

Are investors shorting Materion?

Materion saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 271,200 shares, a decrease of 18.1% from the March 15th total of 331,100 shares. Based on an average daily trading volume, of 100,000 shares, the short-interest ratio is presently 2.7 days. Approximately 1.3% of the shares of the stock are sold short. View Materion's Short Interest .

When is Materion's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our MTRN earnings forecast .

How were Materion's earnings last quarter?

Materion Co. (NYSE:MTRN) posted its quarterly earnings data on Thursday, February, 15th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.03. The basic materials company had revenue of $421 million for the quarter, compared to analyst estimates of $420.50 million. Materion had a net margin of 5.75% and a trailing twelve-month return on equity of 13.49%. Materion's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 earnings per share.

How often does Materion pay dividends? What is the dividend yield for Materion?

Materion announced a quarterly dividend on Wednesday, January 31st. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.13 per share on Friday, March 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Wednesday, February 21st. Read our dividend analysis for MTRN .

Is Materion a good dividend stock?

Materion (NYSE:MTRN) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.41%. 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 11.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTRN will have a dividend payout ratio of 7.07% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MTRN .

What ETFs hold Materion's stock?

ETFs with the largest weight of Materion (NYSE:MTRN) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM) , Direxion Daily Metals & Mining Bull 2X Shares (MNM) , SPDR S&P Metals & Mining ETF (XME) and Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) . SPDR S&P 600 Small Cap ETF (SLY) .

What guidance has Materion issued on next quarter's earnings?

Materion updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of 6.100-6.500 for the period, compared to the consensus estimate of 6.290. The company issued revenue guidance of -.

What is Jugal K. Vijayvargiya's approval rating as Materion's CEO?

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.

What other stocks do shareholders of Materion own?

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

Who are Materion's major shareholders?

Materion's stock is owned by many different institutional and retail investors. Top institutional investors include Kingswood Wealth Advisors LLC (0.04%), Meyer Handelman Co. (0.04%) and Confluence Investment Management LLC (0.02%). Insiders that own company stock include Craig S Shular , Emily M Liggett, Gregory R Chemnitz and Shelly Marie Chadwick. View institutional ownership trends .

How do I buy shares of Materion?

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 .

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NYSE:MTRN

Materion (MTRN) Stock Price, News & Analysis

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$125.16

-0.28 (-0.22%)

(As of 04/15/2024 ET)

Compare

Today's Range: $123.12
▼
$127.62
50-Day Range: $119.41
▼
$139.14
52-Week Range: $92.23
▼
$145.08

Volume: 91,754 shs
Average Volume: 115,134 shs
Market Capitalization: $2.59 billion

P/E Ratio: 27.33
Dividend Yield: 0.42%
Price Target: $144.50

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Materion MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 15.5% Upside
$144.50 Price Target
Short Interest: Healthy
1.34% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.60
Based on 3 Articles This Week
Insider Trading: Selling Shares
$666,420 Sold Last Quarter
Proj. Earnings Growth: 22.06%
From $6.03 to $7.36 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.45 out of 5 stars

Basic Materials Sector

16th out of 166 stocks

Metal Forgings & Stampings Industry

2nd out of 4 stocks

2.5

Analyst's Opinion

Consensus Rating
Materion has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Materion has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.34% of the float of Materion has been sold short.
Short Interest Ratio / Days to Cover
Materion has a short interest ratio ("days to cover") of 2.7, 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 18.09%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Yield
Materion has a dividend yield of 0.41%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Materion has been increasing its dividend for 11 years.
Dividend Coverage
The dividend payout ratio of Materion is 11.35%. 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 7.07% next year. This indicates that Materion will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MTRN.

3.1

News and Social Media Coverage

News Sentiment
Materion has a news sentiment score of 1.60. 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 0.40 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Materion this week, compared to 2 articles on an average week.

2.5

Company Ownership

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 $666,420.00 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Materion are expected to grow by 22.06% in the coming year, from $6.03 to $7.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Materion is 27.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Materion is 27.33, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 129.17.
Price to Book Value per Share Ratio
Materion has a P/B Ratio of 2.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Materion Stock (NYSE:MTRN)

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.

MTRN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MTRN Stock News Headlines

April 15, 2024 | americanbankingnews.com

Materion Co. (NYSE:MTRN) Short Interest Update

April 1, 2024 | markets.businessinsider.com

KeyBanc Reaffirms Their Buy Rating on Materion (MTRN)

April 16, 2024 | InvestorPlace (Ad)

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March 6, 2024 | finance.yahoo.com

Materion Corporation's (NYSE:MTRN) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

March 4, 2024 | finance.yahoo.com

MTRN Mar 2024 140.000 call

March 1, 2024 | wsj.com

Materion Corp.

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Materion Corp CFO Shelly Chadwick Sells 2,000 Shares

February 25, 2024 | msn.com

Materion (MTRN) Price Target Increased by 11.63% to 151.73

February 17, 2024 | finance.yahoo.com

MTRN Sep 2024 165.000 call

February 17, 2024 | finance.yahoo.com

MTRN Mar 2024 115.000 call

February 16, 2024 | finance.yahoo.com

Materion Corporation (NYSE:MTRN) Q4 2023 Earnings Call Transcript