Seaport Res Ptn Decreases Earnings Estimates for Materion

Materion Co. (NYSE:MTRN) – Investment analysts at Seaport Res Ptn lowered their FY2024 earnings per share estimates for 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 post earnings of $5.22 per share for the year, down from their previous forecast 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 (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 net margin of 4.45% and a return on equity of 12.06%. The business had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. During the same period in the prior year, the firm earned $1.39 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year.

Materion Trading Down 0.0 %

Shares of Materion stock opened at $102.26 on Thursday. Materion has a 12-month low of $93.20 and a 12-month high of $145.08. 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 company has a market cap of $2.12 billion, a price-to-earnings ratio of 28.81 and a beta of 1.24. The company’s 50-day moving average price is $105.58 and its 200-day moving average price is $108.72.

Insider Activity

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $115.92, for a total value of $115,920.00. Following the transaction, the chief financial officer now 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. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MTRN. GAMMA Investing LLC increased its stake 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 purchasing an additional 197 shares during the period. Quest Partners LLC raised its holdings in Materion by 118.7% during the 3rd quarter. Quest Partners LLC now owns 562 shares of the basic materials company’s stock valued at $63,000 after buying an additional 305 shares during the last quarter. ARK Investment Management LLC purchased a new stake in Materion during the 3rd quarter valued at $85,000. KBC Group NV grew its holdings in Materion by 54.5% in the 4th quarter. KBC Group NV now owns 882 shares of the basic materials company’s stock worth $87,000 after acquiring an additional 311 shares during the last quarter. Finally, Algert Global LLC purchased a new position in shares of Materion in the second quarter valued at about $225,000. 93.56% of the stock is currently owned by institutional investors.

Materion Company Profile

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.