Materion Corporation (MTRN) Stock Price & How to Invest
Last updated October 2026
Short answer
You can invest in Materion (MTRN) by buying shares or fractional shares at any major broker, through a mid-cap or specialty-materials ETF that holds it, or as one holding in a thematic basket. MTRN is a smaller-cap, higher-volatility specialty-materials play with a niche moat: it is essentially the only qualified Western supplier of beryllium-based alloys, runs Advanced Materials, Performance Materials, and Precision Optics segments, and serves defense, aerospace, and semiconductor customers. Defense procurement, precious-metals pricing, and semiconductor fab capex drive it. As of October 16, 2026 the shares closed around $250, up roughly 95% year to date, for a market cap near $5.2 billion.
MTRN stock price
As of 2026-10-23, Materion Corporation (MTRN) last closed at $221.06, up 64.5% over the past year. Over the past 52 weeks it has traded between $111.50 and $319.18.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Materion Corporation's investor relations page. Walnut is informational, not investment advice.
What does Materion Corporation (MTRN) do?
Materion is a specialty materials company focused on advanced materials, specialty metals, and engineered solutions for demanding applications. The company's three reporting segments are Advanced Materials (specialty chemicals, precious metals, beryllium-based products), Performance Materials (precision-engineered alloys and composites), and Precision Optics (thin-film coated optics for defense, medical, and industrial applications).
Materion is one of the few suppliers of beryllium-based alloys, which are used in defense and aerospace applications where weight and stiffness matter. The company is also a major supplier of precious metals products and specialty materials for semiconductor manufacturing. Defense exposure is meaningful through specialty metals used in aerospace and weapons systems. Headquartered in Mayfield Heights, Ohio. Jugal Vijayvargiya has been CEO since 2018.
The numbers changed quickly in 2026. Quarterly revenue climbed from about $445 million in the third quarter of 2025 to about $614 million in the second quarter of 2026, up about 42% year over year, and trailing twelve-month revenue reached about $2.1 billion. Second-quarter adjusted EPS of $1.90 beat the ~$1.52 consensus by a wide margin, and net income for the quarter was about $39 million. Margins remain thin because precious-metal pass-through inflates revenue (trailing gross margin about 16%, profit margin about 4%), and trailing net income was about $90 million. The stock rose about 95% over the year to October 16, 2026, trading between about $110 and $325, and third-quarter results are due October 28, 2026, with consensus EPS around $1.89 on about $611 million of revenue.
What's driving Materion Corporation (MTRN)?
1. Defense and aerospace specialty metals.
Beryllium-based alloys and various specialty metals are used in defense and aerospace applications. Defense spending growth and aircraft production rates support demand. Materion is one of the few qualified suppliers for many defense applications, creating sticky relationships.
2. Semiconductor materials exposure.
The Advanced Materials segment includes specialty chemicals, precious metals, and other materials used in semiconductor manufacturing. AI-driven fab capex drives demand for semiconductor-related products. Revenue growth of about 42% in the second quarter of 2026 shows how much that exposure, plus higher precious-metal prices passed through to customers, can move the top line.
3. Critical materials and supply chain positioning.
Many of Materion's products are critical materials with limited substitutes (beryllium specifically is rare and the company is one of few qualified suppliers globally). Supply chain concerns about critical materials supply have favored qualified domestic suppliers.
4. Specialty optics and emerging applications.
Precision Optics serves defense, medical imaging, and industrial applications. Emerging applications in AR/VR, lidar, and advanced sensing provide growth opportunities.
What are the risks to Materion Corporation (MTRN)?
Customer concentration with defense and semiconductor customers. Precious metals price volatility affects revenue and margins. Specialty materials supply chains can experience disruptions. Smaller market capitalization relative to peers creates higher volatility. After a 95% one-year gain, the stock trades at about 58x trailing and 30x forward earnings, so expectations are high; trailing free cash flow was only about $13 million and debt about $512 million against roughly $21 million of cash. An insider sale of about $470,000 was disclosed in September 2026.
What is the Materion Corporation (MTRN) forecast?
5 analysts publish price targets on MTRN, averaging $303.75 against a $245.44 price as of October 2026, or +23.8%. The published targets run from $278.74 to $330.00, a narrow spread, and the ratings split 4 buy, 1 hold, 0 sell. Over the last six months there have been 4 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.
Read the full MTRN forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.
Is MTRN a buy or a sell?
We give no verdict on Materion Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. Defense and aerospace specialty metals. Beryllium-based alloys and various specialty metals are used in defense and aerospace applications. The most optimistic published target, $330.00, assumes this works close to its best case.
The case against. Customer concentration with defense and semiconductor customers. The most pessimistic target, $278.74, is roughly what MTRN is worth if this bites instead.
Read the full bull and bear case on MTRN, including what would have to change to break either one. Walnut is not an investment adviser.
Has Materion Corporation (MTRN) split its stock?
No. Materion Corporation (MTRN) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.
How is Materion Corporation (MTRN) valued? (approximate, October 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Materion Corporation's investor relations page or your broker.
- Revenue (TTM): ~$2.1 billion
- Revenue growth (Q2 2026, YoY): ~+42%
- Operating / profit margin: ~8.6% / ~4.3%
- Net income (TTM): ~$90 million
- EPS (TTM, GAAP): ~$4.29
- P/E (trailing / forward): ~58x / ~30x
- Price to sales: ~2.5x
- Dividend yield: ~0.2%
- Market cap: ~$5.2 billion
Materion's multiple has expanded sharply: about 58x trailing GAAP earnings and 30x forward earnings in October 2026, against roughly 22x at the start of the year. The market is now pricing in continued growth from defense, semiconductor and critical-materials demand, with consensus EPS of about $7.02 for 2026 and $8.43 for 2027. Thin margins and modest free cash flow (about $13 million trailing) mean the valuation leans on those earnings estimates being met.
Which ETFs hold Materion Corporation (MTRN)?
If you want MTRN exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.
| ETF | Name | % in MTRN | Expense ratio | |
|---|---|---|---|---|
| XME | State Street SPDR S&P Metals & Mining ETF | 5.08% | 0.35% |
What themes does Materion Corporation (MTRN) fit?
These are the investment theses MTRN naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.
Semiconductors
Specialty metals and materials including for defense semiconductors.
Defense and modernization
Beryllium-based alloys and specialty materials for defense and aerospace applications; one of few qualified Western suppliers.
Critical materials
Specialty beryllium-based alloys used in defense and aerospace; few qualified Western suppliers.
Rare earth stocks
Held as part of the Rare earth stocks theme.
Who competes with Materion Corporation (MTRN)?
Specialty metals and alloys
Carpenter Technology (specialty steels and alloys), Haynes International (high-performance alloys), Allegheny Technologies (specialty metals), and various niche specialty metals competitors. In beryllium specifically, Materion is essentially the only qualified Western supplier; the alternative supply is primarily Russian or Chinese.
Specialty chemicals and electronic materials
DuPont electronics materials, Entegris, Versum Materials (Merck KGaA) compete in semiconductor specialty chemistries. The market is fragmented across specific product categories.
What stocks are similar to Materion Corporation (MTRN)?
Other names that sit close to MTRN: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in Materion Corporation (MTRN)
There are three common ways to get MTRN exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (XME), which spreads the position across many companies. Or build it into a focused thematic portfolio, so MTRN sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where MTRN fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Materion Corporation (MTRN)
Materion (MTRN) is a concentrated specialty-metals and critical-materials name whose value rests on its irreplaceable beryllium position and defense plus semiconductor exposure rather than scale. In a portfolio it behaves as a smaller, swing-prone satellite within defense or critical-materials baskets, sensitive to precious-metals prices and customer concentration, typically held alongside larger names like MP Materials rather than as a diversified materials anchor. After nearly doubling in 2026 on fast revenue growth, it also carries a much richer valuation than it did at the start of the year.
More on Materion Corporation (MTRN)
Whether MTRN is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is MTRN a buy or a sell?, and where the stock could go from here in the MTRN stock forecast.
For income investors, whether MTRN pays a dividend and how the payout looks is covered in does MTRN pay a dividend? And to weigh MTRN against a peer, read the full side-by-side comparisons: MTRN vs MP and MTRN vs NUE.
Wondering how MTRN fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in Materion Corporation with AI
Connect the broker you already use and ask Walnut's AI how MTRN fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is Materion's ticker symbol?
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MTRN, listed on NYSE. Officially Materion Corporation. Headquartered in Mayfield Heights, Ohio. Trades during US market hours, available at every major US brokerage. Smaller capitalization than many specialty materials peers.
Who are Materion's competitors?
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By segment. Specialty metals and alloys: Carpenter Technology, Haynes International, Allegheny Technologies. In beryllium specifically, Materion is essentially the only qualified Western supplier. Specialty chemicals and electronic materials: DuPont electronics materials, Entegris, Versum Materials. The competition is fragmented across specific product categories.
Is Materion a defense stock?
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Partially yes. Defense and aerospace exposure is meaningful through beryllium-based alloys and specialty metals used in defense and aerospace applications. Defense spending growth supports demand. The company is one of few qualified suppliers for many defense applications. Defense is a meaningful but not majority share of revenue.
What is Materion's P/E ratio?
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About 58x trailing GAAP earnings and about 30x forward earnings as of October 2026, up from roughly 22x trailing in early 2026 after the stock nearly doubled. That is well above the S&P 500 average and reflects expectations of continued strong growth in defense and semiconductor materials.
How did Materion do in its latest quarter?
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In the second quarter of 2026 (ended July 3), revenue was about $614 million, up about 42% year over year, and adjusted EPS of $1.90 beat the ~$1.52 consensus. Net income was about $39 million. Third-quarter results are due October 28, 2026, with consensus EPS near $1.89.
How has MTRN stock performed in 2026?
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As of the October 16, 2026 close of about $250, MTRN was up roughly 95% year to date and over one year, though below its 52-week high of about $325 (the low was about $110). The analyst mean target was about $304 from five analysts. Past performance does not predict future returns.
What does Materion do?
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Materion is a specialty materials company organized into three segments. Advanced Materials includes specialty chemicals, precious metals, and beryllium-based products. Performance Materials includes precision-engineered alloys and composites. Precision Optics includes thin-film coated optics for defense, medical imaging, and industrial applications. Defense and semiconductor exposure are meaningful.
Who owns the most Materion stock?
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Major institutional holders include Vanguard, BlackRock, and various specialty materials and small-cap funds. Insider ownership is modest. Materion is held in defense-themed, critical-materials, and specialty industrial funds.
Which ETFs have the most Materion exposure?
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Small and mid-cap ETFs (IJH iShares Core S&P Mid-Cap, IWR iShares Russell Mid-Cap) hold MTRN at small weights as part of broader universes. XLB (Materials Select Sector SPDR) does not consistently hold MTRN given the smaller market cap. Specialty defense and critical-materials ETFs hold MTRN at higher concentrations but those funds have lower AUM.
Which thematic baskets typically include Materion?
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Two themes on Walnut. Defense and modernization (beryllium-based alloys for defense and aerospace; few qualified Western suppliers) and Critical materials (specialty beryllium-based alloys with limited Western alternatives). MTRN is a smaller-cap specialty play complementing larger defense and materials exposures.
Is Materion in the S&P 500?
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No. MTRN is included in the S&P MidCap 400 and various small/mid-cap indices. Its market cap rose to about $5.2 billion by October 2026, still below the S&P 500 threshold. Future S&P 500 inclusion would require further market cap appreciation.
What is Materion's market cap?
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Approximately $5.2 billion as of October 2026, up from about $2 billion in early 2026. A smaller market cap creates higher volatility than larger specialty materials peers, and the specialty business niches make MTRN a more concentrated thematic play rather than a diversified materials exposure.
Does Materion pay a dividend?
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Yes. MTRN pays about $0.58 per share a year, quarterly, a yield of roughly 0.2% as of October 2026 because the share price has risen so far. The dividend is modest. Capital allocation has been balanced between dividend, buybacks, and reinvestment into specialty capacity expansion.
Why is beryllium important?
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Beryllium is one of the lightest and stiffest metals known. Combined with copper or aluminum, it produces alloys used in defense (missile guidance, satellite components), aerospace (structural components requiring weight + stiffness), and various electronics applications. Few Western suppliers can produce beryllium-based alloys to defense-qualified specifications. The alternative supply is primarily Russian or Chinese, which creates US national security concerns and supports Materion's strategic positioning.
Is Materion a critical minerals play?
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Yes, in a narrow sense. MTRN is one of the few Western suppliers of beryllium-based materials critical to defense and aerospace applications. US Defense Department procurement increasingly specifies domestic content; MTRN benefits from these specifications. The critical-materials investment thesis includes MTRN alongside MP Materials and other domestic specialty materials suppliers.
Should I own Materion directly or through a defense ETF?
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Direct MTRN gives concentrated specialty defense materials exposure with the critical minerals reshoring tailwind. Defense ETFs like ITA do not hold MTRN at meaningful weight given its smaller market cap. For meaningful MTRN exposure, direct ownership is necessary; the position is typically a smaller satellite in defense or critical-materials baskets given the higher volatility and concentration. Walnut is not an investment adviser; this describes how the exposure differs, not what to hold.
Guides that feature MTRN
MTRN is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Materion Corporation's investor relations page or your broker before making investment decisions.