FY2024 EPS Estimates for Materion Cut by Seaport Res Ptn

Materion Co. (NYSE:MTRN) – Equities research analysts at Seaport Res Ptn decreased their FY2024 earnings per share estimates for shares of Materion in a research report issued to clients and 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 prior estimate of $5.28. 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 $1.43 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 Price Performance

Shares of MTRN opened at $101.49 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 twelve month low of $93.20 and a twelve month high of $145.08. The stock has a market capitalization of $2.11 billion, a P/E ratio of 28.59 and a beta of 1.24. The company has a 50 day moving average of $106.12 and a 200-day moving average of $108.79.

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

Hedge Funds Weigh In On Materion

A number of institutional investors have recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC grew its position in shares of Materion by 9,463.5% in the 3rd quarter. Mountaineer Partners Management LLC now owns 9,147,463 shares of the basic materials company’s stock valued at $1,023,235,000 after acquiring an additional 9,051,813 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in 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 worth $67,501,000 after purchasing an additional 64,470 shares during the period. abrdn plc increased its position in Materion by 19.8% during the third quarter. abrdn plc now owns 258,728 shares of the basic materials company’s stock worth $28,941,000 after buying an additional 42,717 shares during the last quarter. Intech Investment Management LLC raised its stake in Materion by 435.3% in the third quarter. Intech Investment Management LLC now owns 35,823 shares of the basic materials company’s stock valued at $4,007,000 after buying an additional 29,131 shares during the period. Finally, Barclays PLC lifted its position in shares of Materion by 356.9% in the third quarter. Barclays PLC now owns 34,877 shares of the basic materials company’s stock valued at $3,902,000 after buying an additional 27,244 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 12,031 shares of the company’s stock, valued at $1,414,484.67. The trade was a 14.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were 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 of the company’s stock, valued at approximately $1,530,144. The trade was a 7.04 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

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.