Seaport Res Ptn Reduces Earnings Estimates for Materion

Materion Co. (NYSE:MTRN) – Research analysts at Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for shares of Materion in a research note issued to investors on Monday, November 4th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings of $5.28 per share for the year, down from their prior forecast of $5.30. The consensus estimate for Materion’s current full-year earnings is $5.25 per share. Seaport Res Ptn also issued estimates for Materion’s Q4 2024 earnings at $1.48 EPS, Q1 2025 earnings at $1.36 EPS, Q2 2025 earnings at $1.50 EPS, Q3 2025 earnings at $1.59 EPS, Q4 2025 earnings at $1.73 EPS, FY2025 earnings at $6.18 EPS and FY2026 earnings at $7.47 EPS.

Separately, StockNews.com upgraded shares of Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Materion Stock Performance

Shares of MTRN stock opened at $119.24 on Tuesday. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $106.59 and a two-hundred day simple moving average of $110.39. Materion has a 12 month low of $96.18 and a 12 month high of $145.08. The firm has a market capitalization of $2.47 billion, a PE ratio of 33.59 and a beta of 1.19.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The firm had revenue of $436.70 million during the quarter, compared to the consensus estimate of $416.40 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis.

Materion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 annualized dividend and a dividend yield of 0.45%. Materion’s payout ratio is 15.21%.

Hedge Funds Weigh In On Materion

A number of hedge funds have recently bought and sold shares of MTRN. Mutual of America Capital Management LLC lifted its position in shares of Materion by 69.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company’s stock worth $5,310,000 after buying an additional 19,483 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Materion by 12.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 603,445 shares of the basic materials company’s stock valued at $67,501,000 after acquiring an additional 64,470 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Materion by 18.5% during the third quarter. Natixis Advisors LLC now owns 120,813 shares of the basic materials company’s stock worth $13,514,000 after acquiring an additional 18,836 shares during the period. GSA Capital Partners LLP purchased a new position in Materion in the third quarter worth $318,000. Finally, Confluence Investment Management LLC grew its stake in Materion by 6.4% in the 3rd quarter. Confluence Investment Management LLC now owns 3,827 shares of the basic materials company’s stock valued at $428,000 after purchasing an additional 231 shares during the period. 93.56% of the stock is owned by hedge funds and other institutional investors.

About Materion

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.