Materion FY2024 EPS Forecast Decreased by Seaport Res Ptn

Materion Co. (NYSE:MTRN) – Research analysts at Seaport Res Ptn cut their FY2024 earnings per share (EPS) 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 post earnings of $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 Stock Up 0.9 %

Materion stock opened at $102.31 on Thursday. The company’s 50-day moving average price is $105.82 and its two-hundred day moving average price is $108.74. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.12 billion, a P/E ratio of 28.82 and a beta of 1.24. Materion has a twelve month low of $93.20 and a twelve month high of $145.08.

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. The firm had revenue of $436.70 million for 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%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 earnings per share.

Institutional Trading of Materion

A number of hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Materion by 164.0% in the 2nd quarter. Renaissance Technologies LLC now owns 35,900 shares of the basic materials company’s stock valued at $3,882,000 after purchasing an additional 22,300 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Materion by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 252,985 shares of the basic materials company’s stock valued at $28,299,000 after buying an additional 5,944 shares during the period. Mutual of America Capital Management LLC boosted its position in Materion by 69.6% during the third quarter. Mutual of America Capital Management LLC now owns 47,467 shares of the basic materials company’s stock valued at $5,310,000 after acquiring an additional 19,483 shares during the last quarter. GAMMA Investing LLC grew its holdings in Materion by 307.8% during the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 197 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Materion by 38.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,385 shares of the basic materials company’s stock worth $6,867,000 after acquiring an additional 16,904 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Materion

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

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.