diff --git a/lib/mayaUsd/ufe/UsdMaterial.cpp b/lib/mayaUsd/ufe/UsdMaterial.cpp
index 964420d4da..99826cbca5 100644
--- a/lib/mayaUsd/ufe/UsdMaterial.cpp
+++ b/lib/mayaUsd/ufe/UsdMaterial.cpp
@@ -93,7 +93,7 @@ std::vector<Ufe::SceneItem::Ptr> UsdMaterial::getMaterials() const
     return materials;
 }
 
-#if (UFE_PREVIEW_VERSION_NUM >= 5002)
+#if (UFE_PREVIEW_VERSION_NUM >= 5003)
 
 bool UsdMaterial::hasMaterial() const
 {
diff --git a/lib/mayaUsd/ufe/UsdMaterial.h b/lib/mayaUsd/ufe/UsdMaterial.h
index df919df72b..627bbd7c72 100644
--- a/lib/mayaUsd/ufe/UsdMaterial.h
+++ b/lib/mayaUsd/ufe/UsdMaterial.h
@@ -49,7 +49,7 @@ class MAYAUSD_CORE_PUBLIC UsdMaterial : public Ufe::Material
 
     std::vector<Ufe::SceneItem::Ptr> getMaterials() const override;
 
-#if (UFE_PREVIEW_VERSION_NUM >= 5002)
+#if (UFE_PREVIEW_VERSION_NUM >= 5003)
     bool hasMaterial() const override;
 #endif
 
diff --git a/test/lib/ufe/testMaterial.py b/test/lib/ufe/testMaterial.py
index e3ef96cc6d..e6f5452425 100644
--- a/test/lib/ufe/testMaterial.py
+++ b/test/lib/ufe/testMaterial.py
@@ -70,7 +70,7 @@ def _StartTest(self, testName):
 
     # methods:
     #   - getMaterials
-    #   - hasMaterial   (since UFE version 0.5.2 , or '5002')
+    #   - hasMaterial   (since UFE version 0.5.3 , or '5003')
 
     def testUsdNoMaterial(self):
         """
@@ -88,7 +88,7 @@ def testUsdNoMaterial(self):
         materials = materialInterface.getMaterials()
         self.assertEqual(len(materials), 0)
 
-        if(os.getenv('UFE_PREVIEW_VERSION_NUM', '0000') >= '5002'):
+        if(os.getenv('UFE_PREVIEW_VERSION_NUM', '0000') >= '5003'):
             hasAnyMaterial = materialInterface.hasMaterial()
             self.assertFalse(hasAnyMaterial)
 
@@ -108,7 +108,7 @@ def testUsdSingleMaterial(self):
         materials = materialInterface.getMaterials()
         self.assertEqual(len(materials), 1)
 
-        if(os.getenv('UFE_PREVIEW_VERSION_NUM', '0000') >= '5002'):
+        if(os.getenv('UFE_PREVIEW_VERSION_NUM', '0000') >= '5003'):
             hasAnyMaterial = materialInterface.hasMaterial()
             self.assertTrue(hasAnyMaterial)
 
@@ -128,7 +128,7 @@ def testUsdMultipleMaterials(self):
         materials = materialInterface.getMaterials()
         self.assertEqual(len(materials), 2)
 
-        if(os.getenv('UFE_PREVIEW_VERSION_NUM', '0000') >= '5002'):
+        if(os.getenv('UFE_PREVIEW_VERSION_NUM', '0000') >= '5003'):
             hasAnyMaterial = materialInterface.hasMaterial()
             self.assertTrue(hasAnyMaterial)