Seaport Res Ptn Reduces Earnings Estimates for Materion

Materion Co. (NYSE:MTRN) – Equities research analysts at Seaport Res Ptn cut their FY2024 EPS estimates for shares of Materion in a note issued to investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will earn $5.22 per share for the year, down from their previous estimate of $5.28. The consensus estimate for Materion’s current full-year earnings is $5.22 per share. Seaport Res Ptn also issued estimates for Materion’s Q4 2024 earnings at $1.43 EPS, Q1 2025 earnings at $1.25 EPS, Q2 2025 earnings at $1.42 EPS, Q3 2025 earnings at $1.51 EPS, Q4 2025 earnings at $1.64 EPS, FY2025 earnings at $5.82 EPS and FY2026 earnings at $7.05 EPS.

Materion Trading Down 0.0 %

MTRN opened at $102.26 on Thursday. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. Materion has a 52 week low of $93.20 and a 52 week high of $145.08. The stock has a market cap of $2.12 billion, a PE ratio of 28.81 and a beta of 1.24. The business has a 50 day moving average of $105.58 and a 200-day moving average of $108.72.

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

Hedge Funds Weigh In On Materion

Several large investors have recently modified their holdings of MTRN. Stifel Financial Corp increased its holdings in shares of Materion by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 35,680 shares of the basic materials company’s stock worth $3,991,000 after purchasing an additional 91 shares in the last quarter. Dakota Wealth Management increased its holdings in Materion by 1.5% in the 4th quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company’s stock worth $1,079,000 after buying an additional 165 shares in the last quarter. GAMMA Investing LLC raised its position in Materion by 307.8% in the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after buying an additional 197 shares during the last quarter. Confluence Investment Management LLC lifted its stake in Materion by 5.3% during the 4th quarter. Confluence Investment Management LLC now owns 4,031 shares of the basic materials company’s stock valued at $399,000 after acquiring an additional 204 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Materion by 6.2% during the 2nd quarter. Bank of Montreal Can now owns 4,831 shares of the basic materials company’s stock valued at $524,000 after acquiring an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling at Materion

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the transaction, the vice president now owns 12,031 shares in the company, valued at approximately $1,414,484.67. The trade was a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $115.92, for a total value of $115,920.00. Following the completion of the sale, the chief financial officer now directly owns 13,200 shares in the company, valued at $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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.