Investment analysts at Seaport Res Ptn have revised their earnings per share (EPS) estimates for Materion Corporation (NYSE: MTRN), reducing their forecast for the fiscal year 2025. In a research note released on October 29, 2023, analyst M. Harrison projected that the company will achieve an EPS of $5.51, slightly down from the previous estimate of $5.59. This adjustment comes amid broader market assessments, with the consensus estimate for Materion’s earnings currently standing at $5.50 per share.
In addition to the annual forecast, Seaport Res Ptn has also provided quarterly EPS estimates for Materion. They anticipate $1.60 for Q4 2025, followed by $1.44 for Q1 2026, $1.53 for Q2 2026, $1.55 for Q3 2026, and $1.87 for Q4 2026. The firm projects that Materion will reach an EPS of $6.40 for the entire year of 2026.
Several other financial firms have also adjusted their ratings and forecasts for Materion shares. On the same day, Wall Street Zen downgraded the stock from a “buy” to a “hold” rating. Earlier in October, Weiss Ratings reiterated a “hold (c-)” rating. Meanwhile, KeyCorp raised their price target from $115.00 to $117.00 while maintaining an “overweight” rating. Zacks Research also downgraded the stock from a “strong-buy” to a “hold” rating. Currently, one analyst rates the stock as a “buy,” while two have assigned a “hold” rating. Data from MarketBeat.com shows that Materion has an average rating of “hold” and an average target price of $117.00.
Materion Stock Performance and Financial Metrics
Trading for Materion shares opened at $111.68 on Monday. Over the past year, the stock has seen a low of $69.10 and a high of $135.33. The company maintains a market capitalization of $2.31 billion, with a price-to-earnings ratio of 117.55. Materion’s financial health is reflected in its current ratio of 3.28, a quick ratio of 1.25, and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average stands at $119.92, while the 200-day moving average is at $99.16.
Materion recently reported its earnings results for the previous quarter on March 22, 2023, revealing an EPS of $1.03 and total revenue of $230.20 million. The company has a net margin of 1.12% and a return on equity of 12.66%.
Institutional Investments and Insider Activity
Recent activities among institutional investors indicate a dynamic interest in Materion’s shares. The Teacher Retirement System of Texas acquired a new stake in the company worth approximately $248,000 during the first quarter. Principal Financial Group Inc. increased its holdings in Materion by 2.3%, now owning 103,572 shares valued at $8,451,000 after buying an additional 2,369 shares. Other notable investors include Nisa Investment Advisors LLC, which lifted its stake by 0.9%, and MQS Management LLC, which also purchased a new stake valued at around $212,000. Currently, hedge funds and institutional investors collectively own 93.56% of Materion’s stock.
In related news, N Mohan Reddy, a director at Materion, sold 1,155 shares on August 11, 2023, at an average price of $105.45, totaling $121,794.75. This transaction has been documented in filings with the Securities and Exchange Commission.
Dividend Announcement
On a positive note, Materion has announced a quarterly dividend of $0.14 per share, which will be paid on December 5, 2023. Stockholders of record on November 13, 2023 will receive this dividend, translating to an annualized rate of $0.56 and a dividend yield of 0.5%. The ex-dividend date is also set for November 13, 2023, and the company currently has a dividend payout ratio of 58.95%.
Materion Corporation, along with its subsidiaries, specializes in producing advanced engineered materials utilized in various industries, including semiconductor, aerospace, automotive, and consumer electronics. The company operates across four segments: Performance Materials, Electronic Materials, Precision Optics, and others.
