MATERION CORPORATION
In the published model solve dated 2026-Q2, anchored at $237.74, MATERION CORPORATION (MTRN) is priced for today's economics sustained for ~11.8 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Materion makes specialty engineered materials, beryllium alloys, precision optics, and advanced coatings, for semiconductors, defense, and aerospace, niches where its precision cladding and plating capabilities are hard to substitute. • The biggest risk is the price: at roughly 50x operating income it embeds many years of near-ceiling growth, a demanding bet that only the growth-DCF method supports while every static lens calls the stock richly valued. • Watch the order book, where aerospace-a
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320 institutional managers reported holding MTRN in 13F filings for the quarter ended 2026-03-31. Together they hold about 93% of the company; the top 10 hold 56%. 58 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 604k shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (1.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MTRN's share count grew 1.6% over the past five years even with $7.84M spent on repurchases. It pays a dividend, and has for 14 years running, raised 13 years straight; the current rate is $0.56 a share annually. Cash returned over the past three years: $30.87M in dividends and $7.84M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at MTRN over the trailing three years. Absence is a fact about the company, not a signal. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MTRN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-04 | -0.4% | +9.5% |
| 2023-08-03 | -11.2% | -7.8% |
| 2023-11-02 | +9.4% | +17.5% |
| 2024-05-03 | -6.8% | -1.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MTRN's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-05-07 (items 5.07); 2026-04-29 (items 2.02, 9.01); 2026-02-12 (items 2.02, 9.01); 2026-01-23 (items 2.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.